Boilermech may rally further if it can close above the RM0.85 resistance level. A purchase can be made if it happens, with a close below the two-day low of RM0.815 employed as a stop-loss. An aggressive trader may even opt for a close below RM0.85 as a stop-loss. The price target is at the all-time intraday high of RM1.00. Failure to break higher could see it moving sideways with further supports at RM0.76 and RM0.70.
Source: OSK
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