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Daily Trading Stocks: Malton Bhd

kiasutrader
Publish date: Wed, 04 Jul 2012, 10:25 AM
The  continuation  of  Malton's rebound may likely happen  after  the stock  produced  a  white  candle  yesterday.  A  position  can  be initiated  above  the  prior  two-day  high  of  RM0.54,  with  a  close below last week's low of RM0.525 as a stop-loss. Conservative trade may  hold  until  a  close  above  RM0.58  occurs.  The  price  target  is RM0.635, with selling also expected at RM0.615. The upside bias is nullified  if  the  stop-loss  is  triggered  and  strong  support  is  at  the recent low of RM0.48.


Source: OSK
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