Shang’s climb is likely to continue after holding above the RM3.00 psychological level for more than a month. A purchase can be made above RM3.00, with a close below the 2-month low of RM2.90 as stop-loss. The price target is RM3.90, with resistance also expected at the round figure of RM3.50. However, a correction may ensue should the stop-loss be triggered, with supports at RM2.60 and RM2.50.
Source: OSK
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