Kian Joo’s rally should extend after it closed back above the RM2.50 resistance level. A purchase can be made above the level with a close below last Friday’s low of RM2.44 as a stop-loss. Price targets are at RM2.80 and RM2.90, with supports registered at RM2.30 and RM2.22. Failure to hold above RM2.50 may lead to a correction.
Source: OSK
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