Journey to Wealth

Daily Trading Stocks

kiasutrader
Publish date: Tue, 02 Oct 2012, 10:31 AM

Gamuda may rebound if the stock closes above last Friday's high of RM3.46. A purchase can be made if it happens, with the recent low of RM3.34 as a stop-loss. The stock has to break RM3.60 to test the psychological RM4.00, and failure to break above RM4.60 will likely see it go sideways while selling may intensify on a close below RM3.34.
TwsCorp's rally may continue after holding above RM1.00 for a few days. A position can be initiated on a close above the recent high of RM1.04, with RM1.00 as a stop-loss. The price targets are the prior highs of RM1.10 and RM1.25. Failure to stay above RM1.00 could see the stock go lower, with strong support expected at RM0.875.
Muhibbah may rebound after holding the gains of last week. A position can be initiated on a close above RM0.945, with a close below RM0.92 as a stop-loss. Look for the stock to cover the recent gaps at RM1.00 and RM1.10. Failure to break RM1.00 could see it trend lower and selling should intensify on a close below RM0.90.
CenBond may resume its uptrend if the stock closes above RM1.15. A purchase can be made if this happens, with a close below yesterday's low of RM1.10 as a stop-loss. The price targets are RM1.28 and RM1.38. Failure to break higher could see the stock trade sideways, with strong support at RM0.95.
Parkson may rebound if it completes a double-bottom formationand a purchase can be made on a close above RM4.85, with a close below RM4.70 as stop loss. The price targets are RM5.20 and RM5.40. Failure to break above RM4.85 could see the stock drop, with further supports seen at RM4.60 and the one-year low of RM4.40.
Catcha may fall further after its lowest closing since its debut. A trader can liquidate on a close below RM0.48, with supports expected at RM0.43 and MR0.40. Failure to stay below RM0.48 may spark a rebound but buying will only gain traction if the stock stays above RM0.55.
JTiasa may decline after printing a six-month low yesterday. The stock can be liquidated at a price below RM2.40, with supports expected at RM2.20 and RM2.40. Failure to stay below RM2.40 may lead to a rebound, with resistance levels seen at RM2.50 and RM2.70.
CSL may trade lower if buying does not return soon. A trader can liquidate on a close below RM1.00, with supports expected at RM0.90 and RM0.83. A close above last week's high of RM1.11 may trigger a rebound, with strong resistance seen at RM1.20.
Source: OSK
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