EASTERN & Oriental hit a nine-month high of RM1.29 before trimming gains to settle up three sen to RM1.21 on profit-taking activity yesterday. The growing overbought position of the short-term indicators suggests prices may correct soon, but investors can consider accumulating more on weakness, as other measurements are still bullish. Initial support and significant overhead resistance are anticipated at RM1.15 and the RM1.40-RM1.41 band respectively.
E&O : [Stock Watch] [News]
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