Hing Yiap’s rally may resume after closing at a one-month high. A purchase can be made above RM2.80, or otherwise above RM3.00, with a close below RM2.60 as a stop-loss. The price target is RM3.65, with selling expected at RM3.30. Failure to break above RM3.30 should see the stock sideways with further support at RM2.30.
Source: OSK
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