Kurnia Asia’s rebound should continue if it closes again above the five-month resistance level of RM0.65. A position can be initiated on a close above the resistance, with a close below recent low of RM0.625 as a stop-loss. The price target is RM0.75, with resistance also expected at RM0.70. Failure to break higher will likely see the stock moving sideways, with further supports at RM0.59 and RM0.53.
Source: OSK
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