DAILY TRADING STOCKS: FLONIC

Flonic may only rebound if it can close above  the  2-week high of RM0.155. A purchase can be made if it happens, with a close below yesterday’s low of RM0.10 as stop-loss. The price target is the 200-day MAV line of RM0.145. A failure to close above RM0.115 is likely to  invite selling, after which the  price  may fall further should  the RM0.085 support level be broken.

Source: OSK