PresBhd may rally further if it can close above the RM1.30 resistance level. A purchase can be made above RM1.30, with a close below the recent low of RM1.27 as a stop-loss. The price target is RM1.55, provided that the recent high of RM1.38 is violated. The stock may decline if it closes below RM1.27. Strong support is expected at RM1.20.
Source: OSK
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