Mitrajaya’s rebound may extend if it closes above the recent high of RM0.615. A purchase can be made if it happens with a close below RM0.60 as a stop-loss. The price target is RM0.70, provided that the recent high of RM0.65 is violated. The stock may decline, however, if it closes below RM0.60. Supports are expected at RM0.555 and RM0.53.
Source: OSK
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