Ivory could resume its rebound if it can respond positively to the “Hammer” of Tuesday. A purchase can be made on a close above the candle high of RM0.52, with a close below the candle low of RM0.505 as stop-loss. The price target is RM0.58, with possible overshoot at RM0.60. A close below RM0.505 should see the stock go lower but expect strong support at the recent low of RM0.47.
Source: OSK
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