Daily Trading Stocks: Asia Media Group Bhd

Asia Media’s rebound since Mar should continue after closing at its all time high yesterday. Another close above RM0.435 should confirm the breakout and a position can be initiated if it happens. The recent low of RM0.41 can be employed as stop-loss. The price target is RM0.52, with selling also expected at  the  psychological RM0.50. However, failure to hold above RM0.435 will likely lead to a correction. Supports lie at RM0.38 and RM0.35.

Source: OSK