E&O’s rebound should extend after closing at its highest in over three months. A position can be initiated above RM1.50 with a close below the recent low of RM1.40 as a stop-loss. Price targets are RM1.63 and RM1.72, with resistance also expected at RM1.57. Failure to hold above RM1.47 could see it lower, though expect strong support at RM1.30.
Source: OSK
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