CSL’s three-week sideways consolidation may provide an upside surprise after a higher close yesterday. A position can be initiated on a close above RM1.18, with a close below RM1.12 as a stop-loss. The price target is at May’s low of RM1.30, with selling expected at RM1.23. The stock will likely decline if the stop-loss is triggered and strong support is seen at RM1.00.
Source: OSK
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