Journey to Wealth
Daily Trading Stocks- SYF Resources Bhd
SYF may resume its uptrend if the stock closes above RM0.75. A position can be initiated if it happens, with a close below yesterday's low of RM0.72 as a stop-loss. The price target is the psychological RM1.00, with selling expected at RM0.90. A close below RM0.72 could see the stock lower and supports are seen at RM0.65 and RM0.60.
Source: OSK
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Discussions
Be the first to like this. Showing 3 of 3 comments
I might be a bit conservative, as I don't dare to enter at this high price, the risk is way too much, for me. I believe there are quite a number of cheaper priced counters in KLSE to choose from.
2012-09-15 07:43
As you can see from the chart, although it breaks 75cts resistance, the chances of it falling to the resistance level again is still there. Once that happens, it will move towards 50cts level and hibernate. But, if there is good news on future earnings or other positive corporate issues, this uptrend will be continued if not, at the minimum, sustainable. My opinion.
2012-09-15 07:50
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael Dreamun
can reach 1.00
2012-09-15 07:02