Possible for technical rebound. After being oversold in the past three weeks,OMESTI is potentially staging a rebound off its current horizon, with anticipationof continuous improvement in both momentum and trend in the near term.Should immediate resistance level of RM0.170 be broken with renewed buyinginterest, it may continue to lift price higher to subsequent resistance level ofRM0.185.
However, failure to hold on to support level of RM0.150 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 12 Apr 2024
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Created by PublicInvest | Nov 05, 2024