Journey to Wealth

TRADING STOCKS: PADINI, AIRASIA, TIGER, UNITED MALACCA, DSCSOL, KELADI

kiasutrader
Publish date: Wed, 26 Dec 2012, 10:01 AM

Padini  may  climb  further  if  it  can  stay  above  above  the  RM1.75 support  level.  A  purchase  can  be  made  at  above  RM1.81,  with  a close  below  RM1.75  as  stop-loss.  The  price  targets  are  the  recent highs of RM2.05 and RM2.20. The stock may decline if it is unable to stay above RM1.81, with supports at RM1.60 and RM1.50.
AirAsia  could  rebound  after  closing  at  its  highest  in  over  a  week.  A position can be initiated if it stays above RM2.60, with a close below RM2.50  as  a  stop-loss.  The  price  target  is  RM2.80,  and  if  violated, the  psychological  RM3.00.  Failure  to  stay  above  RM2.60  will  likely see the stock lower, with strong support at RM2.35.
Tiger  may  rebound  if  it  can  stay  above  the  RM0.30  support  level.  A purchase  can  be  made  if  it  stays  above  RM0.31, with  a  close  below RM0.30 as a stop-loss. The price targets are RM0.36 and the recent high  of  RM0.42.  Failure  to  stay  above  RM0.30  will  likely  see  the stock  trend  lower,  with  strong  support  seen  at  RM0.285  and RM0.225.
United  Malacca  may  rebound  if  it  can  stay  above  the  RM7.00 support  level.  A  purchase  can  be  made  if  the  stock  closes  above RM7.10,  with  a  close  below  RM7.00  as  stop-loss.  The  price  targets are RM7.40 and RM7.65. Failure to get above RM7.10 could see the stock lower while supports are at RM6.65. 
DSCSol  rebound  will  continue  if  it  can  close  above  the  RM0.20 resistance  level.  A  purchase  can  be  made  if  this  happens,  with  a
close below RM0.15 as stop-loss. The price target is RM0.235 and if violated,  RM0.28.  A  close  below  RM0.185  will  likely  see  the  stock trade sideways, with strong support anticipated at RM0.165.
Keladi should trade higher after closing at the highest in almost two years.  A  position  can  be  initiated  as  long  as  the  stock  stays  above RM0.205, with a close below RM0.20 as  stop-loss. The price target is  RM0.23  and  the  psychological  RM0.25.  Failure  to  stay  above RM0.205  should  see  the  stock  trade  sideways,  with  strong  support at RM0.18.  
Source: OSK
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