K-Star’s downtrend should continue after it closed below the psychological RM0.20 on high volume yesterday. A position can be liquidated below the level, and supports are expected at RM0.15 and RM0.12. A close back above RM0.20 may indicate a return of buying but it is only confirmed on a close above the recent high of RM0.23. Resistance is registered at RM0.255 and RM0.275.
Source: OSK
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