Aug 21, 2017

OCNCash – Technical Overview

Stock Code: 0049

OCNcash analysis

OCNcash dataOCNCASH has formed a bullish engulfing candle to close above the EMA20 level accompanied by rising volumes. The MACD Histogram extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM0.725 level, targeting the RM0.82- - RM0.86 levels. Support will be anchored around the RM0.675 level.

source: Malacca Securities Research – 21/08.2017

The Company is mainly an investment holding company. Its subsidiaries are engaged in manufacturing and distribution of resinated felt; manufacturing and trading of thermo-bonded nonwoven cloth.