SMR’s rally should resume after it closed at its highest for the year yesterday. A purchase can be made above RM0.315 with a close below Wednesday’s gap low of RM0.29 as stop loss. The price target is RM0.43, with selling also expected at RM0.385. The upward bias is likely nullified if the stop-loss is triggered and a close below the RM0.24 support level may spell the end of current rally.
Source: OSK
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