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.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4542 views | 4 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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