On 18th March 2015, we issued a Trading Buy call on Salcon in anticipation that the share price would stage a rebound play from its channel support level after it gapped up on strong trading volume to close at RM0.79. However, the share price had failed to perform within our expectations (to retest its channel resistance) as it consolidated after the rally. We are cutting loss on the stock as the share price has triggered our stop-loss level of RM0.76 after it broke down from its trend channel support level.

Source: Kenanga