rAsia’s rebound should continue if it stays above RM3.70 today. A position can be initiated above RM3.70, with a close below the recent low of RM3.56 as stop-loss. The price target is the all-time high of RM4.20, provided that the psychological RM4.00 level is broken. Failure to break higher could see sellers returning, with a close below RM3.56 confirming the weakness. Supports lie at RM3.30 and RM3.10.
Source: OSK
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