Zhulian may resume its upward move if it breaks above the 5-month resistance of RM2.00. A purchase can be made if that happens, with a close below the recent low of RM1.88 as stop-loss. The price target is RM2.40, provided that the all time high of RM2.20 is broken convincingly. The stock is likely to enter into a correction should the RM1.88 level be violated. Supports are at RM1.73 and RM1.67.
Source:
OSK
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