KPS could fall further after it closed below the RM1.00 psychological level yesterday. A position can be liquidated below the May low of RM0.98 and support is expected to come at RM0.88 and RM0.80. The weak bias is only erased if the stock can close above the RM1.10 resistance level. That should lead to a rebound and resistance is at RM1.20 and RM1.30.
Source: OSK
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