Hua Yang may rebound if the stock can close above the three-day high of RM1.80. A position can be initiated if it happens, with a close below last week’s low of RM1.70 as a stop-loss. The price targets are at the RM2.00 gap and Aug’s high of RM2.20. Failure to break higher should see the stock lower. Strong support is seen at RM1.60.
Source: OSK
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