KLCCP’s rally may resume after it printed an all-time high on last Friday’s close. A purchase can be made at the current level, with a close below last week’s low of RM4.65 as a stop-loss. A conservative trade can wait until a close above RM5.00 occurs, before entering. The price target is RM5.85 with resistance also expected at RM5.50. However, a correction may ensue if the stop-loss is triggered. Supports are at RM4.35 and RM4.17.
Source: OSK
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