Tuesday 19 June 2012

Daily Trading Stocks : Century LogisticCentury may trade higher after the firmer close yesterday. A purchase can be made on a close above RM1.71, with a close below yesterday’s gap of RM1.66 as stop-loss. The price target is the psychological RM2.00, with resistance at the recent high of RM1.90. The stock’s failure to close above RM1.71 may lead to selling, with the covering of the gap as confirmation. Supports lie at the recent low of RM1.60 and RM1.50.

Century may trade higher after the firmer close yesterday. A purchase can be made on a close above RM1.71, with a close below yesterday’s gap of RM1.66 as stop-loss. The price target is the psychological RM2.00, with resistance at the recent high of RM1.90. The stock’s failure to close above RM1.71 may lead to selling, with the covering of the gap as confirmation. Supports lie at the recent low of RM1.60 and RM1.50.


Source: OSK

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