SEG’s rebound should continue after it held on to last week’s gains very well. A purchase can be made above RM1.85, with a close below RM1.80 as stop-loss. Strong resistance is at RM2.00 but a successful violation of that could see the stock at RM2.30. However, the 1½ year sideways trend will continue should the stop-loss be triggered. Strong support is at the recent low of RM1.70, a successful break of which increases the stock’s downside risk.
Source: OSK
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