RHB Retail Research says Oceancash Pacific Bhd may rise higher after it breached above the MYR0.65 threshold.
In a trading note, the research house says as the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced.
“An upbeat bias may emerge above the MYR0.65 level, with an exit set below the MYR0.595 mark.
“Towards the upside, the immediate resistance is at the MYR0.785 level, followed by the MYR0.82 threshold,” it says.
