Can-One may rebound after the firmer close last Friday. A position can be initiated above RM2.70 with a close below last week’s low of RM2.64 as a stop-loss. The price target is at RM3.37, provided that recent high of RM3.10 is violated. The upward bias is likely erased if the stop loss is triggered and the stock may correct further. Supports are at RM2.56 and RM2.38.
Source: OSK
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