Zhulian may rally further if it can close above last week’s high. A position can be initiated on a close above RM2.40, with a close below RM2.34 as a stop-loss. The price target is RM2.65, provided that the recent high of RM2.50 is broken. The stock may decline if it closes below RM2.34, and strong support should come at RM2.20.
Source: OSK
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