ECS ICT’s rally may resume if the stock closes above the seven-month resistance of RM1.62. A purchase can be made if it happens, with a close below last week’s low of RM1.50 as a stop-loss. The price target is RM1.92 with selling expected at RM1.80. The stock will likely trade sideways should it fail to break the resistance, with further support expected at RM1.45.
Source: OSK
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