KLCCP has to close above RM4.00 today to extend the month long rally. A position can be initiated should that happen, with a close below the 2-day low of RM3.97 as stop-loss. The price target is RM4.70, with resistance also expected at RM4.50. Failure to close above RM4.00 may invite selling but supports can be found at RM3.80 and RM3.70.
Source: OSK
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