Tomypak’s rally may continue if it closes above the 1½-year high of RM1.15. A position can be initiated if it happens, with a close below the gap of RM1.10 as a stop-loss. The price targets are at prior highs of RM1.40 and RM1.55. However, the stock is likely to trade sideways if it closes below RM1.10. Strong support is at the psychological RM1.00.
Source: OSK
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