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Daily Trading Stocks: Perdana Petroleum Bhd

kiasutrader
Publish date: Wed, 04 Jul 2012, 10:26 AM
Perdana's  rebound  may  continue  after  yesterday's  firmer movement.  A  purchase  can  be  made  above last week's high of RM0.645,  while  a  close  below  the  recent  low  of  RM0.615  can  be employed as a stop-loss. A conservative trade may wait until RM0.66 is  broken  before  entering.  The  price  target  is  RM0.81,  with  selling also  anticipated  at  RM0.74.  Failure  to  break  higher  could  see  a return  of  selling,  with  a  close  below  RM0.615  as  confirmation. Supports are at RM0.55 and RM0.50.


Source: OSK
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