Premier may trade higher if it can break above the 4-month resistance level of RM0.40. A purchase can be made if it happens, with a close below Tuesday’s low of RM0.36 as stop-loss. The price targets are RM0.465 and the psychological RM0.50. A failure to break the resistance level may invite selling. A break of RM0.335 will see intensified selling with supports at RM0.27 and RM0.23.
Source: OSK
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