CMMT 2-month sideways consolidation is likely over, after it closed above RM1.70 for 2 days in a row. A purchase can be made above the level, with a close below the week low of RM1.60 as a stop-loss. The price target is the psychological RM2.00, with selling also expected at RM1.83. Failure to stay above RM1.70 may prolong the stock’s sideways move. Further support is at RM1.50.
Source: OSK
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