Oceancash Pacific may rise higher, says RHB Retail Research

Oceancash Pacific may rise higher, says RHB Retail Research
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KUALA LUMPUR (May 13): RHB Retail Research said Oceancash Pacific Bhd may rise higher after it breached above the 65 sen threshold.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced.

“An upbeat bias may emerge above the 65 sen level, with an exit set below the 59.5 sen mark.

“Towards the upside, the immediate resistance is at the 78.5 sen level, followed by the 82 sen threshold,”it said.