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DAILY TRADING STOCKS: ZELAN

kiasutrader
Publish date: Tue, 12 Jun 2012, 10:40 AM

Zelan's downward bias increased after staying below the 200-day MAV line for more than 3 weeks now. A liquidation can be made on a  close below  the  RM0.365 support level. Further supports are expected at RM0.345 and RM0.31. An upward bias will only return if it closes above  the  3-week high of RM0.40. Expect resistance at RM0.45 and RM0.50.

Source: OSK
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