Pos should trade higher after closing above the 4-month high of RM2.75 yesterday. A position can be initated above this level, with a close below Tuesday’s gap low of RM2.72 as stop-loss. The price targets are RM3.00 and RM3.20. However, selling should return should the stop-loss be triggered. Support lies at RM2.60, a violation of which could see the stock at RM2.40.
Source: OSK
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