KBES should maintain its rebound if it can stay above the resistance level of RM0.28 today. A position can be initiated if that happens, with a close below the recent low of RM0.255 as stop-loss. The price target is RM0.425, provided that the recent high of RM0.38 is violated convincingly. Failure to break higher could see the stock trading sideways, with further support expected at RM0.23.
Source: OSK
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