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Daily Trading Stocks: Fraser & Neave Holdings Bhd

kiasutrader
Publish date: Fri, 03 Aug 2012, 09:27 AM
F&N's uptrend should resume after it printed an all time high close yesterday,  above  the  14-month  resistance.  Purchase  can  be  made above  the  psychological RM20.00, with a close below yesterday's low  of  RM19.20  as  a  stop-loss.  The  price  target  is  RM24.60,  with selling also anticipated at RM23.00. Failure to hold above RM20.00 should  extend  the  stock's sideways  move.  Further  support  is  at RM18.00.


Source: OSK
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