MUIInd could rebound if the stock closes above the four-month high of RM0.225. A position can be initiated if it happens, with a close below the three-week low of RM0.215 as a stop-loss. The price targets are at prior highs of RM0.25 and RM0.27. Failure to break higher will likely see the stock extending its sideways trend and strong support is seen at RM0.20.
Source: OSK
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