Hap Seng may rebound after closing at its highest in more than 3 weeks. A purchase can be made at the current level, with a close below the 3-month low of RM1.60 as stop-loss. A conservative trade may wait until a close above RM1.75 before entering. The price target is RM2.10, with selling also expected at the psychological RM2.00 level. A correction will likely ensue if the stop-loss is triggered. Supports are at RM1.50 and RM1.45.
Source: OSK
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