HLInd may climb further after posting a five-year high yesterday. A purchase can be made above RM4.50, with a close below yesterday’s low of RM4.30 as a stop-loss. The price target is at the 10-year high of RM6.00, provided that the psychological RM5.00 is violated. The stock may decline if the stop-loss is triggered, possibly testing the recent low of RM3.90.
Source: OSK
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