Kian Joo should rally further after printing a 52-week high yesterday. A purchase can be made above RM2.65, or better above RM2.70, with a close below the recent low of RM2.50 as a stop-loss. The price target is RM3.15, with selling also expected at RM2.90. The stock will likely trade sideways if the stop-loss is triggered. Further support is at RM2.40.
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