MediaC’s rally should resume if the stock closes above RM1.60. A position can be initiated if it happens, with a close below August’s low of RM1.53 as a stop-loss. The price target is RM2.00, with selling expected at RM1.80. Failure to break above RM1.60 should see a continuation of the two-month sideways move with further support at RM1.45.
Source: OSK
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