Sellers may have taken over after Bintai failed a high volume test at the RM0.60 resistance level yesterday. Liquidation can be made below RM0.60 and supports are expected at the Fibonacci retracements of the month-long rally at RM0.52 and RM0.48. However, a close above RM0.60 will cancel the negative bias and it could see the stock at RM0.70 instead.
Source: OSK
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