RHB Retail Research: Oceancash Pacific may rebound higher

Source: RHB, Bloomberg

RHB Retail Research says Oceancash Pacific Bhd may rebound higher after it continued holding above the MYR0.56 support.

In a trading note, the research house says with the 21-day SMA line edging upwards, this implies a positive outlook.

“An upbeat bias may emerge above the MYR0.59 level, with an exit set below the MYR0.56 mark.

“Towards the upside, the immediate resistance is at the MYR0.68 level, followed by the MYR0.75 threshold,” it says.

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