Journey to Wealth

Daily Trading Stocks: Fitters Diversified Bhd

kiasutrader
Publish date: Wed, 11 Jul 2012, 09:29 AM
kiasutrader
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Following Message
Fitters' correction, which has lasted over a year, may be over after it closed  at  its  highest  in  over  a  month  yesterday.  A  purchase  can  be made  above  RM0.73  or  otherwise  above  RM0.75,  with  a  stop-loss on  a  close  below  the  recent  low  of  RM0.69. The  price  target  is  the Fibonacci  level  of  2011-2012's  decline  at  RM0.905  and  RM0.96. Failure to break RM0.75 could see a continuation of the correction, confirmed by a close below RM0.69.


Source: OSK
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