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Daily Trading Stocks: Hong Leong Bank Bhd

kiasutrader
Publish date: Fri, 29 Jun 2012, 09:54 AM
Hong  Leong  Bank's  rebound  should  continue  as  long  as  it  stays above  the  RM12.00  support  level.  An  aggressive  trader  may accumulate  above  this  level  or  otherwise,  a  purchase  can  be  made on  a  close  above  the  2012  high  of  RM12.62.  The  price  target  is RM15.00, provided that the all time high of RM13.20 is violated. But a  correction  may  ensue  should  the  RM12.00  support  level  be violated,  after  which  supports  can  be  found  at  RM11.40  and RM11.00.


Source: OSK
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