Smartag could rise further if it can muster a close above the one-month resistance of RM0.265. A purchase can be made if the stock closes above the level, with a close below the one-month sideways range of RM0.25 as a stop-loss. The price targets are at RM0.29 and RM0.315. However, failure to break resistance could see the stock lower with a close below RM0.25 as confirmation. Strong support is at RM0.215.
Source: OSK
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