MHB may climb further if it can close above last week’s high of RM5.50. A position can be initiated if it happens, with a close below last week’s low of RM5.27 as stop-loss. The price target is RM6.30, with selling also expected at RM6.00. A close below RM5.35 should see the week-long consolidation continue, but strong support is expected at RM5.15.
Source: OSK
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