Kulim may have found a bottom after finding support at the 100-day MAV line early this week. A position can be initiated on another close above RM4.50, with a close below the recent low of RM4.38 as stop-loss. The price target are RM5.10 and RM5.40, provided that the recent high of RM4.60 is violated convincingly. Correction, however, may ensue should the stop-loss be triggered. Supports lie at RM4.00 and RM3.85
Source: OSK
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