Kenanga Research & Investment
Highlights / Stock Picks of the Day - Star Publications ("STAR”) – Not Rated
STAR has broken above the multi-month resistance level (@ RM2.82) after gaining 5 sen to close at RM2.87 yesterday. The stock has turned bullish now, having crossed above the 200-day SMA. The key indicators are all positive and improving. Thus, we reckon that the share price could potentially extend its gains towards RM3.00 (+4.5%) with the immediate downside likely to be capped at RM2.82.
Source: Kenanga
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