CocoLnd may rebound after attracting strong buying interest lately. A position can be initiated on a close above RM2.22, with a close below RM2.15 as a stop-loss. The price target is at 2012’s high of RM2.45, and a violation could see it testing the two-year high of RM2.80. A close below RM2.15 should see the stock trade sideways, with strong support expected at the psychological RM2.00.
Source: OSK
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