Eye on Stock: Key Asic
KEY ASIC Bhd (code: 0143) may have bottomed out following its most recent pullback, and looks set to resume a rally.
The stock bounced off the immediate support level of 19 sen on several occassions during a correction after the share price hit a recent peak of 24.5 sen on Aug 20.
A breach of the buffer would have resulted in the stock returning to a downtrend but a rebound on Friday gave evidence that the descent had halted.
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