Oriental’s rally should continue after it closed above the four-month resistance level on Friday last week. A position can be initated above RM6.80 or otherwise RM7.00, with a close below its three-month low of RM6.00 as a stop-loss. The price target is RM8.50, with selling also expected at RM7.60. Failure to hold above RM6.80 could see it moving sideways again, with support also expected at RM6.50.
Source: OSK
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