JCY’s rally may continue if it can close above its three-month high of RM1.60. A purchase can be made if it happens, while a close below the recent low of RM1.44 can be employed as a stop-loss. The price target is RM1.90, with selling also anticipated at RM1.70. Failure to break higher could see a return of selling, with a close below RM1.45 as confirmation. Strong support lies at RM1.30.
Source: OSK
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