MSM may scale higher if it can close above the 10-month high of RM5.31. A position can be initiated if it happens, with a close below the 2-month low of RM5.05 as stop-loss. The price target is the all-time high close of RM5.60, followed by the psychological RM6.00. However, the stock may correct should it close below RM5.05, with supports expected at RM4.90 and RM4.80.
Source: OSK
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