Perisai’s consolidation may end if it can close above yesterday’s high of RM0.90. A purchase can be made if that happens, with a close below yesterday’s gap of RM0.865 as stop-loss. The price target is RM1.20, provided that the strong resistance of RM1.00 is violated. Failure to close higher may invite selling and a correction should ensue on a close below RM0.83. Supports can be seen at RM0.74 and RM0.68.
Source: OSK
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