Thursday 21 June 2012

Daily Trading Stocks: Gopeng Bhd

Gopeng may rise further following yesterday’s higher close. A purchase can be made at the current level, with a close below last week’s low of RM0.82 as stop-loss. A conservative trader may wait until a close above the 1½ - year high of RM0.90 before entering. The price targets are the psychological RM1.00 and RM1.12. Failure to break  above  RM0.90  could  see  sellers  returning  though  strong support is expected at RM0.775.


Source: OSK

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