The stock’s rebound should continue as long as it stays above the support level of RM3.90. A purchase can be made above RM4.00, with a stop-loss on a close below RM3.90. The price target is RM4.50, provided that early year high of RM4.25 is violated. However, the stock is likely to trade sideways if the stop-loss is triggered. Strong support lies at RM3.55.
Source:
OSK
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