Glomac should continue its rebound after violating the 3-month RM0.85 resistance yesterday. Another close above it should confirm the break and a purchase can be made if it happens, with a close below the recent low of RM0.815 as stop-loss. The price target is RM0.95, provided that 10-month high of RM0.90 is violated. Failure to stay above RM0.90 should see the return of sellers and supports lie at RM0.80 and RM0.77.
Source: OSK
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