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Daily Trading Stocks: Sime Darby Bhd

kiasutrader
Publish date: Tue, 24 Jul 2012, 09:09 AM
Sime may decline after it failed to break above the psychological RM10.00 despite testing it all month long. A position can be liquidated on a close below RM9.80, with support anticipated at RM9.50 and RM9.30. An aggressive trade may exit below RM9.90. However, a close above RM10.00 likely cancels the weak bias and sees the stock rising further. Resistance levels are at RM10.30 and RM10.50.


Source: OSK
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