CBIP’s rebound should continue after gapping higher last Friday. A position can be initiated on a close above RM2.90, with a close below last Friday’s low of RM2.84 as a stop-loss. The price target is RM3.50, provided that the prior high of RM3.10 is violated. It may trade sideways if the stop-loss is triggered. Support is expected at RM2.70.
Source: OSK
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