OSK Holdings’ buying interest is back after it broke out of the 7-week bullish triangle pattern with a long white candle on Friday. With the stock pushing near its multi-year high, bullish momentum may be present now. A bullish bias may emerge above the RM1.13 level, with stop-loss set at RM1.04, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.25, followed by RM1.30.

Entry : RM1.13–1.16

Target : RM1.25, RM1.30

Exit : RM1.04

Source: AmInvest Research - 7 Aug 2023