APM’s rebound may continue if it can close above the psychological RM5.00. A purchase can be made if it happens, with a close below the recent low of RM4.65 as a stop-loss, or otherwise, a tighter stop lies at RM4.90. The price target is the 2011 high of RM5.75, with selling also expected at RM5.50. Failure to break resistance could see it move sideways and the stock may even correct if it closes below RM4.65.
Source: OSK
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