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Daily Trading Stocks: MHC Plantations Bhd

kiasutrader
Publish date: Fri, 06 Jul 2012, 09:33 AM
MHC's  rebound  will  continue  if  it  closes  above  the  one-month  high of  RM1.80.  A  position  can  be  initiated  if  this  happens,  with  a  close below  RM1.72  as  stop-loss.  The  price  target  is  RM2.27,  provided that  the  May  high  of  RM2.00  is  violated.  Failure  to  break  this resistance,  followed  by  a  close  below  RM1.72,  will  likely  see  the stock treading lower. Supports are seen at RM1.63 and RM1.50.


Source: OSK
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