Daibochi may climb further if it can close above the 1½ year high of the psychological RM3.00. A position can be initiated if that happens, with a stop-loss on the recent low of RM2.70. The price target is RM5.50, provided that the 2010 high of RM4.00 is violated. Failure to break higher should see it continue trading sideways. Stronger support is at the stop-loss at RM2.70.
Source: OSK
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