Homeritz’s sideways consolidation is likely over after it closed at its highest in over five months last Friday. A position can be initiated on a close above MR0.33, with a close below the two-day low of RM0.32 as a stop-loss. Price targets are the prior highs of RM0.385 and RM0.44. A failure to close higher could see a continuation of the sideways move. Supports are at RM0.25 and RM0.20.
Source: OSK
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