KPJ’s rally should continue after it closed well above the psychological RM6.00 on last Friday’s “Long White Day”. A position can be initiated above RM6.00 with a close below the recent low of RM5.80 as a stop-loss. The price target is the round figure of RM6.50 and RM7.00. The stock may enter into a correction should the stop loss be triggered and supports are at RM5.40 and RM5.00.
Source: OSK
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