E&O may rally further after staying above RM1.60 for more than a week. A purchase can be made on a close above RM1.62, with a close below last week’s low of RM1.57 as a stop-loss. The price targets are RM2.00 and RM2.30. The stock may decline if the stop-loss is triggered and strong supports are expected at RM1.50 and RM1.42.
Source: OSK
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