Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 21): OCK Group Bhd (OCK) shares rose 1.09% this morning following a positive technical outlook on the stock.

At 9.25am, OCK rose 0.5 sen to 46.5 sen with 2.71 million shares traded.

PublicInvest Research said OCK Group Bhd (OCK) is currently supported above short and medium term EMA after undergoing further consolidation.

In a trading ideas note today, the research house said improving fast paced weekly MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 48 sen be broken, it may continue to lift price higher to subsequent resistance levels of 50 sen and 51.5 sen.

“However, failure to hold on to support level of 43 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.

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