KBB may rise further if it closes above the RM0.50 resistance level. A position can be initiated above RM0.50, with a close below the one-week low of RM0.47 as a stop-loss. The price target is RM0.65, provided that the recent high of RM0.60 is violated. Failure to break higher could see it moving sideways with supports at RM0.425 and RM0.385.
Source: OSK
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