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KUALA LUMPUR (May 6): AllianceDBS Research said OCK Group Bhd had on May 5 gapped up to reach a high of 84 sen before settling near the day’s high at 83.5 sen (up 4 sen or 5.03%).

In its evening edition yesterday, the research house said a crossover of the 84 sen hurdle would likely see OCK trading upward with the next upside target pegged between 91 sen and 93 sen.

It said risk taking traders can establish a buying position at 82.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 81 sen level must be placed for risk capital protection, and this 81 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM15 (excluding brokerage) for RM85 – RM105 potential profit, you may acquire 1,000 shares with a capital amount of RM825 assuming buying order is filled at 82.5 sen,” it said.

OCK (0172) - OCK gapped up, says AllianceDBS Research
http://www.theedgemarkets.com/my/article/ock-gapped-says-alliancedbs-research
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