Journey to Wealth

Daily Trading Stocks: Favelle Favco

kiasutrader
Publish date: Fri, 10 Aug 2012, 09:14 AM
Favco's  rally  should  continue  after  it  closed  above  the  RM1.80 resistance  level  yesterday.  A  position  can  be  initiated  on  another close  above  the  level,  with  a  close  below  the  two-day  low  of RM1.72 as a stop-loss. Look for the stock to test the all-time high of RM2.30,  provided  the  RM2.00  psychological  level  is  violated.  The stock may decline if the stop-loss is triggered and strong support is at RM1.60.

Source: OSK
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment