Hong Leong Bank’s rebound should continue as long as it stays above the RM12.00 support level. An aggressive trader may accumulate above this level or otherwise, a purchase can be made on a close above the 2012 high of RM12.62. The price target is RM15.00, provided that the all time high of RM13.20 is violated. But a correction may ensue should the RM12.00 support level be violated, after which supports can be found at RM11.40 and RM11.00.
Source: OSK
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