TChong may rally after closing above its highest in more than six months. A position can be initiated above RM4.60, with a close below the recent low of RM4.40 as a stop-loss. The price target is at 2011’s high of RM5.00, with selling also expected at RM4.90. Failure to stay above RM4.60 should see it sideways and strong support is at RM4.00.
Source: OSK
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