Kulim is likely to trade higher after staying above the RM5.30 resistance level last week. A purchase can be made above RM5.30, with a close below the recent low of RM5.10 as a stop-loss. The price target is RM6.10, with resistance also expected at RM5.80. The stock may correct if the stop-loss is triggered and strong support is expected at RM4.70.
Source: OSK
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