Ivory may rebound if it can close above the two-day high of RM0.505. A position can be initiated if it happens, with a close below last week’s low of RM0.485 as a stop-loss. The price target is RM0.615, if July’s high of RM0.580 is violated. Failure to break higher should see the stock lower. Strong support is seen at RM0.47.
Source: OSK
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