Bonia’s rebound should continue after closing above the RM2.30 resistance level yesterday. A purchase can be made above the level, with a close below August’s low of RM2.15 as a stop-loss. The price target is RM3.20, provided that 2012’s high of RM2.80 is violated. The stock may decline if it closes below RM2.15. Strong Support is seen at RM2.00.
Source: OSK
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