RHB Retail Research: Oceancash Pacific may climb higher

RHB Retail Research says Oceancash Pacific Bhd may climb higher after it formed a second consecutive white candle yesterday.

In a trading stock note this morning, the trading house says this can be viewed as a continuation of the bulls extending the rebound from 22 Apr’s “Bullish Engulfing” pattern.

An upbeat bias may emerge above the MYR0.495 level, with an exit set below the MYR0.40 mark.

Towards the upside, the immediate resistance is at the MYR0.595 level, followed by the MYR0.63 threshold.

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