SYF may rise further after closing at its highest in more than six months. A position can be initiated above RM0.565, or better above RM0.60, with a close below last week’s low of RM0.535 as a stop-loss. The price target is RM0.725, provided that the prior high of RM0.625 is violated. Failure to stay higher could see it moving sideways with supports at RM0.50 and RM0.45.
Source: OSK
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