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Daily Trading Stocks : Parkson Holdings Bhd

kiasutrader
Publish date: Wed, 20 Jun 2012, 08:58 AM

Parkson may rebound after last Friday's 'Long White Day. A purchase can be made on a close above the candle high of RM4.60, with a close below last week's low of RM4.30 as stop-loss. The price target is the psychological RM5.00 and a strong move may even see the testing of RM5.40.  A failure to stay above RM4.60 should see the return of selling, confirmed by a close below RM4.30. Supports can be seen at RM4.20 and RM4.00.

Source: OSK
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