Journey to Wealth

Daily Trading Stocks: SEG International Bhd

kiasutrader
Publish date: Thu, 28 Jun 2012, 09:22 AM
SEG's  rebound  should  continue  after  it  held  on  to  last week's gains very  well.  A  purchase  can  be  made  above  RM1.85,  with  a  close below  RM1.80  as  stop-loss.  Strong  resistance  is  at  RM2.00  but  a successful violation of that could see the stock at RM2.30. However, the  1''   year  sideways  trend  will  continue  should  the  stop-loss  be triggered.  Strong  support  is  at  the  recent  low  of  RM1.70,  a successful break of which increases the stock's downside risk.


Source: OSK
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