ScomiMR’s rebound may resume if the stock closes above the one-month high of RM0.34. A purchase can be made if it happens, with a close below yesterday’s low of RM0.32 as a stop-loss. The price target is RM0.40, with selling expected at RM0.37. Failure to break higher will likely see the stock sideways with further supports at RM0.30 and RM0.28.
Source: OSK
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