Journey to Wealth

Daily Trading Stocks: Deleum Bhd

kiasutrader
Publish date: Wed, 04 Jul 2012, 10:27 AM
Deleum's  rebound  should  continue  after  it  closed  at  a  four-year high. A purchase can be made above the May high of RM1.83 with a close  below  yesterday's  low  of  RM1.77  taken  as  a  stop-loss. However,  a  conservative  trade  may  opt  for  Monday's  gap  of RM1.63 as a stop-loss instead. The price target is RM2.20, provided that  the  psychological  RM2.00  is  violated.  The  trade  may  not  be effective  should  the  stop-loss  be  triggered.  Strong  support  is  at RM1.55.


Source: OSK
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