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The range between RM1.24 to RM1.26 serves as a good entry opportunity. The first resistance level can be set at RM1.37. A successful breach above this resistance could pave the way for the stock to challenge the subsequent resistance at RM1.40. Conversely, if the stock consolidated towards and below RM1.18, this could signal the commencement of the consolidation phase.
Winstar eyes sales growth amid China tax shift, LSS5 opportunities
The company aims to capture a 5% share of the local market for LSS5 solar PV mounting structures, excluding installation services. It currently holds a 2.75% market share of the estimated RM3.2 billion market.
