Coastal may rebound after yesterday’s “Long White Day”. A purchase can be made as long as the stock closes above the prior 2-day high of RM1.73 with a close below Monday’s low of RM1.68 as stop-loss. The price target is the broken support of RM1.94. However, look for the 4-month downward movement to resume should the stop-loss be triggered with supports RM1.60 and RM1.50.
Source: OSK
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