MKH’s uptrend is likely to extend after it reached a five-year high yesterday. A purchase can be made above RM2.20, while a close below yesterday’s low of RM2.06 can be employed as a stop-loss. The price target is RM2.70, with selling also anticipated at RM2.50. Failure to close higher may signal a false breakout while weakness is confirmed on a close below RM1.90. Strong support lies at RM1.70.
Source: OSK
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