Wednesday 6 June 2012

Daily Trading Stocks : Axis REITS

Look for Axis REITS to continue on its uptrend on a close above the 5-month high of RM2.75.  A position can be initiated above this level, with a close below the recent low of RM2.62 as stop-loss. The price target is RM3.10 should  the psychological RM3.00  level be broken. The stock may enter into a correction should it close below RM2.62, after which strong support is seen at RM2.50.

Source: OSK

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