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Daily Trading Stocks: TH Plantation Bhd

kiasutrader
Publish date: Fri, 06 Jul 2012, 09:25 AM
TH Plantation's rebound should  continue  if  it  stays  above  RM2.50 today.  A  purchase  can  be  made  above  RM2.50, with  a  close  below the broken resistance of RM2.37 as stop-loss. The price target is the April  high  of  RM3.00,  with  selling  also  likely  at  RM2.80.  Failure  to close  higher  today  may  embolden  sellers,  with  a  close  below RM2.37  as  confirmation.  Strong  support  is  at  the  recent  low  of RM2.20.


Source: OSK
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