JCY’s sideways consolidation could be over after the firm move last Friday. A purchase can be made on a close above RM1.50 with a close below last week’s low of RM1.38 as a stop-loss. The price target is at RM1.75, provided that the recent high of RM1.60 is violated. A close below RM1.38 could lead to a correction and supports are at RM1.30 and RM1.07.
Source: OSK
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