Monday, 25 June 2012

Daily Trading Stocks: Bousted Heavy Industries Corp Bhd

BHIC may rebound after closing above the psychological RM3.00 for 2  days  in  a  row.  A  position  can  be  initiated  above  this  level  with  a close below the recent low of RM2.80 as stop-loss. The price target is  RM3.60,  with  resistance  also  expected  at  RM3.45.  A  close  back below  RM3.00  may  nullify  the  upward  bias,  with  a  close  below RM2.80  as  confirmation.  Supports  are  at  the  prior  lows  of  RM2.60 and RM2.40.


Source: OSK

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