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Daily Trading Stocks: Boilermech Holdings Bhd

kiasutrader
Publish date: Tue, 07 Aug 2012, 09:28 AM
Boilermech  may  rally  further  if  it  can  close  above  the  RM0.85 resistance level. A purchase can  be made if it happens, with  a close below  the  two-day  low  of  RM0.815  employed  as  a  stop-loss.  An aggressive trader may even opt for a close below RM0.85 as a stop-loss.  The  price  target  is  at  the  all-time  intraday  high  of  RM1.00. Failure  to  break  higher  could  see  it  moving  sideways  with  further supports at RM0.76 and RM0.70.

Source: OSK
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