NICorp could rebound after the firm move on high volume yesterday. A purchase can be made on a close above yesterday’s high of RM0.335, with a close below yesterday’s low of RM0.30 as a stop-loss. Price targets are RM0.39 and RM0.43, provided that the recent high of RM0.35 is violated. The stock will decline further should it close below RM0.30 and supports lie at RM0.26 and RM018.
Source:
OSK
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