Affin may have formed a short term top after the weak close yesterday. A position can be liquidated below RM3.70 and supports are expected at RM3.50, with a stronger one at RM3.40. However, the negative bias is nullified should the stock close above its recent all-time high of RM3.80. That should see it trend higher, with resistance at RM4.00 and RM4.20.
Source: OSK
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