GenM may reverse the recent plunge after recouping all the early week’s losses last Friday. A purchase can be made above RM3.45, or otherwise above RM3.50, with RM3.35 as stop-loss. The price target is RM3.90, should the recent high of RM3.70 is broken convincingly. Failure to close above RM3.50 could see the stock lower, with strong support expected at RM3.20.
Source: OSK
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