MWE’s uptrend should continue if it closes above the 5-year high of RM1.50. In fact, the uptrend should continue as long as it stays above the recent low of RM1.45 and a position can be initiated above it, with a close below RM1.45 as stop-loss. The price target is RM1.70, with selling also expected at RM1.60. Correction may ensue should the stop loss be triggered and supports lie at RM1.35 and RM1.30.
Source: OSK
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