Perisai’s rally may continue after closing above the seven-month resistance of RM0.965. A position can be initiated above the level, or otherwise above RM1.00, with a close below RM0.93 as a stop-loss. The price targets are RM1.12 and RM1.20. Failure to break RM1.00 should extend the sideways move, with strong support expected at RM0.88.
Source: OSK
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