Selling pressure on CSL intensified after the stock closed below the psychological RM1.50 for 2 consecutive days Thus, it is expected to trade lower, with a position possibly liquidated below this level. The price weakness will be confirmed should it close below the May-low of RM1.30, with next support at the psychological RM1.00. Meanwhile, a close back above RM1.56 may indicate a false breakdown, after which expect resistance at the April-high of RM1.80.
Source: OSK
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