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Daily Trading Stocks : Mudajaya Group Berhad

kiasutrader
Publish date: Fri, 08 Jun 2012, 09:17 AM


Mudajaya may rise further if it can close above the 2-month high of RM2.82.  A purchase can be made if  that  happens, with a close below Monday's low of RM2.68 as stop-loss.  The price target is RM3.50, provided that  the  recent high of RM3.20 is violated. A failure to break above RM2.82 may embolden sellers. A close below RM2.68 increases the possibility of breaking under RM2.50. Further support is at the Jan gap of RM2.35.

Source: OSK
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