Scope’s latest “Long White Day” may indicate that a higher base has been formed that could lead it higher. A purchase can be made above the RM0.205 support level, with a close below as stop-loss. A conservative trader may wait until the stock makes an all-time high above RM0.25 before entering. The price target is the round figures of RM0.30 and RM0.35. A close below RM0.205 should lead to a correction, with strong supports at RM0.19 and RM0.17.
Source: OSK
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