Weida may climb higher if it breaks above the RM1.50 psychological level. A purchase can be made if it happens with a close below last week’s low of RM1.40 as a stop-loss. The price target is RM1.70. Failure to break higher may embolden sellers with the stock likely correct on a close below RM1.40. Supports are at RM1.27 and RM1.20.
Source: OSK
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