MRCB’s rebound is likely to continue after the firmer close on high volume yesterday. A position can be initiated above RM1.80, with a close below the recent low of RM1.70 as a stop-loss. The price target is RM2.11, provided that the recent high of RM1.90 is violated. The upward bias is likely nullified should the stop-loss be triggered. Supports are at RM1.66 and RM1.55.
Source: OSK
No comments:
Post a Comment