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Daily Trading Stocks: APM Automotive Holdings Bhd

kiasutrader
Publish date: Fri, 03 Aug 2012, 09:25 AM
APM's rebound may continue if it can close above the psychological RM5.00.  A  purchase  can  be  made  if  it  happens,  with  a  close  below the recent low of RM4.65 as a stop-loss, or otherwise, a tighter stop lies  at  RM4.90.  The  price  target  is  the  2011  high  of  RM5.75,  with selling  also  expected  at  RM5.50.  Failure  to  break  resistance  could see  it  move  sideways  and  the  stock  may  even  correct  if  it  closes below RM4.65.


Source: OSK
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