Mitrajaya’s rally may resume after the firmer close yesterday. A position can be initiated on another close above RM0.60, with a close below the 5-month low of RM0.55 as stop-loss. The price targets are RM0.69 and RM0.765, provided that the Feb high of RM0.65 is violated. A correction may ensue should the stop-loss be triggered, with supports seen at RM0.50 and RM0.45.
Source: OSK
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