Hibiscus’ rebound may extend if it closes above last week’s high of RM1.70. A purchase can be made on a close above RM1.70 with a close below yesterday’s low of RM1.65 as a stop-loss. The price target is the all-time high of RM2.10 with selling also expected at a psychological RM2.00. Failure to break higher could see the stock lower and strong support is at the recent low of RM1.45.
Source: OSK
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