MBSB may well rebound after bouncing off the RM2.20 support level. A purchase can be made on a close above Wednesday’s high of RM2.25, with a close below RM2.20 as a stop-loss. The price target is RM2.75, provided that the recent high of RM2.50 is violated. Failure to stay above RM2.20 will likely see the stock lower. Strong support is expected at RM2.00.
Source: OSK
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