Perdana may rebound after closing above last week’s high of RM0.64 for two days in a row. A purchase can be made above RM0.64, with a close below the recent low of RM0.62 as a stop-loss. The price target is RM0.81, provided that the recent high of RM0.74 is violated. The stock may decline if the stop-loss is triggered and strong support is at RM0.55.
Source: OSK
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