Kian Joo should rally further after a firmer close last Friday. A purchase can be made above RM2.65, or better above RM2.70, with a close below last week’s low of RM2.55 as a stop-loss. The price target is RM3.15, with selling expected at RM2.90. The stock will likely trade sideways if the stop-loss is triggered. Further support is seen at RM2.40.
Source: OSK
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