Puncak’s rally, which started early this year, is likely to resume after yesterday’s strong move on high volume. A position can be initiated above RM1.40, with a close below the recent low of RM1.28 as a stop-loss. Price targets are RM1.63 and RM1.75. However, the stock will likely fall if the stop-loss is triggered. Supports are at RM1.20 and RM1.10.
Source: OSK
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