E&O may decline after failing to hold above RM1.50. Liquidation can be made below the level or otherwise on a close below the recent low of RM1.43. Supports are expected at RM1.30 and RM1.20. Failure to break below RM1.43 could lead to a rebound but the upward bias is only sustained if it stays above RM1.50.
Source:
OSK
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