Gopeng may rise further following yesterday’s higher close. A purchase can be made at the current level, with a close below last week’s low of RM0.82 as stop-loss. A conservative trader may wait until a close above the 1½ - year high of RM0.90 before entering. The price targets are the psychological RM1.00 and RM1.12. Failure to break above RM0.90 could see sellers returning though strong support is expected at RM0.775.
Source: OSK
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