CBIP may rebound after cancelling the negative bias of the 4 June “Long Black Day”. A purchase can be made above the candle high of RM2.45, with a close below the recent low of RM2.33 as stop-loss. A conservative trade may wait until the psychological RM2.50 is broken before entering. The price targets are RM2.80 and RM3.00. A failure to hold above RM2.45 may invite selling. Supports are at RM2.20 and RM2.10.
Source: OSK
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