Scomi Marine should continue its rally after closing above the psychological RM0.50 for 3 days in a row. A position can be initiated above RM0.50, with a close below the 3-day low of RM0.485 as stop-loss. Price targets are the prior highs of RM0.60 and RM0.70. However, look for the stock to correct should the stop-loss be triggered. Supports lie at RM0.46 and RM0.43.
Source: OSK
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