UEM Land may rebound after a firmer close yesterday. A position can be initiated above the two-day high of RM1.71, with a close below the two-day low of RM1.63 as a stop-loss. The price target is at May’s high of RM1.90, with selling seen at RM1.83. Failure to stay above RM1.63 should see the stock lower, while selling may intensify on a close below RM1.55.
Source: OSK
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