Journey to Wealth

Daily Trading Stocks: Padiberas Nasional Bhd

kiasutrader
Publish date: Wed, 11 Jul 2012, 09:30 AM
Bernas' nine-month  sideways  consolidation  could  end  after  the index  closed  above  the  RM3.30  resistance  level  for  two  days  in  a row.  A  position  can  be  initiated  above  the  level  with  a  close  below last week's low of RM3.18 as a stop-loss. The price target is RM4.00, provided  that  2011's  high  of  RM3.60  is  violated.  Failure  to  stay above RM3.30 should see it return to its sideways trade, with strong support at RM3.00.


Source: OSK
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