BIMB’s rebound should continue if it can close above the RM3.30 resistance level. A purchase can be made above the level, with a close below RM3.00 as a stop-loss. The price target is RM3.90, provided that the intraday high of RM3.50 is violated. The stock may trade sideways if it fails to hold above RM3.30 and further support is at RM2.80.
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