Scomi Marine’s seven-month rally should continue after it closed at its year’s highest last Friday. A purchase can be made above the psychological RM0.50, with a close blow last week’s low of RM0.49 as a stop-loss. Price targets are at RM0.56 and RM0.60. The stock may correct should the stop-loss be triggered and supports are expected at RM0.45 and RM0.40.
Source: OSK
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