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Daily Trading Stocks : Protasco

kiasutrader
Publish date: Fri, 08 Jun 2012, 09:13 AM
Protasco may resume the early year upward move after closing at a 3-month high yesterday. A purchase can be made on a close above RM0.95, or better still, above the February high of RM0.96, with a close below the 4-month low of RM0.92 as stop-loss. The price target is the June 2011 gap of RM1.07, provided that the psychological RM1.00 barrier is violated. But the stock should trade lower if the stop-loss is triggered, with a close below RM0.88 confirming the continuation of a downtrend.


Source: OSK
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