Hing Yiap’s sideways move should be over after the strong move yesterday. A position can be initiated above yesterday’s gap of RM1.75, with a close below it as a stop-loss. The price target is RM2.35, provided that last year’s high of RM2.00 is violated. The stock likely trade sideways should the stop-loss be triggered and supports are at RM1.60 and RM1.45.
Source: OSK
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