Pos should rally further after printing a 52-week high yesterday. A purchase can be made above RM3.20, with a close below prior high of RM3.10 as a stop-loss. The price target is at 2011’s high of RM3.75, with selling also expected at RM3.40. The stock will likely trade sideways if the stop-loss is triggered and further support is at RM3.00.
Source: OSK
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