SOP’s rally should continue after it closed above the three-month resistance of RM7.00. A purchase can be made above the level with a close below Monday’s gap of RM6.70 as a stop-loss. The price target is RM8.75, with selling expected at RM8.00. Failure to hold above RM7.00 could see it trading sideways with strong support expected at RM5.75.
Source: OSK
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