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Daily Trading Stocks: Land & General Bhd

kiasutrader
Publish date: Wed, 25 Jul 2012, 09:15 AM
L&G  may  rally  further  if  it  can  break  above  the  one-year  resistance of  RM0.435.  A  position  can  be  initiated  if  it  closes  above  the  level with a close below yesterday's low of  RM0.415  as  a  stop-loss.  An aggressive trade may enter now on anticipation of a breakout. Price targets  are  RM0.46  and  the  psychological  RM0.50.  Failure  to  break higher  could  see  the  stock  lower  and  supports  are  at  RM0.385  and RM0.36.


Source: OSK
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