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A Fibonacci retracement on the rise from 2,754 ringgit to 3,007 ringgit has revealed a target at 2,881 ringgit, the 50 percent level, which is also pointed by the lower channel line of a rising channel. Resistance is at 2,975 ringgit, a rise above which will violate the bearish outlook. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.