Kulim should climb higher after a firmer close yesterday. A position can be initiated above RM4.71, or otherwise above last week’s high of RM4.77, with a close below RM4.62 as a stop-loss. The price target is the psychological RM6.00, provided the recent high of RM5.40 is broken. A close below RM4.62 should see the stock lower with further support at RM4.40.
Source: OSK
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