Scomi may rally if it can close above the two-day high of RM0.26. A position can be initiated if it happens, with a close below yesterday’s low of RM0.245 as a stop-loss. Look for it to test 2012’s high of RM0.325, with selling also expected at RM0.30. Failure to break higher could see it lower and support is at RM0.21.
Source: OSK
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