MFCB’s six-month sideways move could be over if the stock can break above RM1.75. A position can be initiated on a close above the level, with a close below the recent low of RM1.65 as a stop-loss. The price target is the psychological RM2.00, with selling also expected at RM1.80. Failure to break above will see it continue sideways, while strong support is at RM1.60.
Source:
OSK
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