KFima rebound’s should extend further after it closed above the resistance level of RM2.01. A position can be initiated above RM2.01, or otherwise above 2011’s high of RM2.10, with a close below the recent low of RM1.94 as a stop-loss. The price target is RM2.37, with selling also expected at RM2.27. Failure to break above RM2.10 will likely invite selling and supports are at RM1.85 and RM1.75.
Source: OSK
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