Kurnia Asia may trade higher if it can break above the 7-day sideways consolidation on the upside. A position can be initiated on a close above RM0.615, with a closing below RM0.59 as stop-loss. The price target is RM0.74, provided that the 2012 high of RM0.65 is violated convincingly, while a close below RM0.59 will nullify the upside bias. If that happens, look for the stock to trade lower. Strong support is seen at RM0.54.
Source: OSK
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