OCK’s rally may resume after forming a “Hammer” last week. A purchase can be made on a close above the “Hammer” high of RM0.46, with a close below the candle’s low of RM0.435 as a stop-loss. The price target remains at RM0.55, provided that the recent high of RM0.50 is broken. The stock will head lower if the stop-loss is triggered and further support is at RM0.40.
Source: OSK
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