Goodway’s rebound should continue if it can close above the RM0.50 resistance level. A purchase can be made if it happens, with a close below yesterday’s low of RM0.465 as a stop-loss. The price targets are at prior highs of RM0.55 and RM0.60. The stock may trade sideways if it closes below RM0.465. Supports are seen at RM0.425 and RM0.40.
Source: OSK
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