Thursday 7 June 2012

Daily Trading Stocks : Berjaya Food

Berjaya Food may continue its upward climb after the firmer move yesterday. A purchase can be made at the current level with a close below 30 May gap of RM1.05 as stop-loss. A conservative trade may wait until a close above the recent high of RM1.15 before entering. The price target is RM1.40 with selling also expected at RM1.30. The upward bias is cancelled should the stop-loss be triggered and look for it to trade sideways, with strong support at RM0.92.


Source: OSK

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