MHC’s rebound will continue if it closes above the one-month high of RM1.80. A position can be initiated if this happens, with a close below RM1.72 as stop-loss. The price target is RM2.27, provided that the May high of RM2.00 is violated. Failure to break this resistance, followed by a close below RM1.72, will likely see the stock treading lower. Supports are seen at RM1.63 and RM1.50.
Source: OSK
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