Permaju may decline after failing to break above the RM0.80 resistance level on its second attempt yesterday, and a position can be liquidated below RM0.80. Weakness should be confirmed on a close below RM0.72, which was yesterday’s low. Supports are at RM0.63, RM0.57 and RM0.50. However, the negative bias is cancelled should it close above RM0.80. Resistance levels are at RM1.00 and RM1.10.
Source: OSK
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