Oriental Food could rise further after closing at its highest in more than a year. A position can be initiated above RM1.70 with a close below last week’s low of RM1.65 as a stop-loss. The price targets are prior highs of RM2.00 and RM2.20. The trade may not work should the stop-loss be triggered and the stock may trade sideways. Supports are at RM1.50 and RM1.35.
Source: OSK
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