Muhibbah may rebound after higher close yesterday, which was preceded by a gap. A purchase can be made on close above the 4-week high of RM1.21, with a close below RM1.15 as stop-loss. The price targets are RM1.34 and RM1.39. However, the price may decline if it can’t hold above RM1.21, with a close below RM1.15 as confirmation. Supports are at RM1.08 and RM1.00.
Source: OSK
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