LITRAK’s sideways consolidation may end if it breaks above RM4.15. A position can be initiated if it happens, with a close below the 2-month low of RM3.92 as stop-loss. An aggressive trader may enter above the stop-loss on anticipation of a breakout. The price target is RM4.80, with resistance also expected at RM4.50. Correction may ensue should the stop-loss be triggered and supports are seen at RM3.80 and RM3.70.
Source: OSK
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