MBL is likely to climb further after it closed at an all-time high yesterday. A position can be initiated at the current level with a close below the psychological RM1.00 as a stop-loss. Price targets are RM1.17 and RM1.22. A failure to close higher in the next few days could see a return in selling and correction may ensue if a stop-loss is triggered. Supports are at RM0.87 and RM0.81.
Source: OSK
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