Perdana’s rebound is likely to resume after it closed at its highest since May’s low. A position can be initated above RM0.66, with a close below last week’s low of RM0.64 as a stop-loss. Price targets are at RM0.76 and RM0.81. Failure to close higher could see a continuation of the four-week correction, with supports at RM0.60 and RM0.55.
Source: OSK
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