Perdana’s rebound should continue after it closed above July’s high last week. A purchase can be made above RM0.74, with a close below last week’s low of RM0.70 as a stop-loss. The price target is RM0.87, with selling expected at RM0.81. Failure to stay above RM0.74 will likely see the stock sideways with strong support at RM0.60.
Source: OSK
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