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Daily Trading Stocks: Media Chinese International Ltd

kiasutrader
Publish date: Fri, 13 Jul 2012, 09:10 AM
MediaC's six-month sideways consolidation should be over after it broke above the RM1.25 resistance level yesterday. A position can be initiated above RM1.25 with a close below this week's low of RM1.20. The price target is RM1.45, provided that RM1.30 is violated. The stock will return to a sideways move should the stop-loss be triggered and strong support is at RM1.15.


Source: OSK
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