MPI may rebound if it can build up on the gap of Wednesday. A purchase can be made on a close above the 2-day high of RM3.01, with a close below the gap low of RM2.96 as stop-loss. The price targets are the Fibonacci levels of the 4-month decline of RM3.20 and RM3.30. A close below RM2.96 should erase the upside bias and see the stock trade lower. Supports are at RM2.85 and RM2.70.
Source: OSK
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