Journey to Wealth

Daily Trading Stocks: Pantech Group Holdings Bhd

kiasutrader
Publish date: Tue, 24 Jul 2012, 09:08 AM
Pantech  could  trade  higher  after  closing  firmer  on  high  volume yesterday.  A  position  can  be  initiated  above  RM0.55,  with  a  close below  RM0.535  as  a  stop-loss.  The  price  targets  are  prior  highs  of RM0.64  and  RM0.68,  provided  that  2012's  high  of  RM0.59  is violated.  The  upward  bias  may  be  nullified  should  the  stop-loss  be triggered  and  it  could  see  it  lower.  Supports  are  at  RM0.50  and RM0.46.


Source: OSK
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