Daily Trading Stocks - GPRO Technologies Bhd

GPRO may trade higher  after it closes above the 9-month high of RM0.115 yesterday. A position can be initiated above the level, with a close below  the recent low of RM0.09 as stop-loss.  The price targets are the Fibonacci levels of the Nov 2011 decline at RM0.15 and RM0.175. A failure to close higher could see a return in selling, with a close below RM0.09 as confirmation. Supports lie at RM0.08 and RM0.04.

Source: OSK