KLCCP may rally after closing above the psychological RM5.50 last Friday. A position can be initiated above the level, with a close below recent low of RM5.20 as a stop-loss. The price target is RM6.50, with selling also expected at RM5.90. Failure to stay above RM5.50 could see it lower and strong support is at RM5.00.
Source: OSK
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