Wednesday 27 June 2012

Daily Trading Stocks: KBB Resources Bhd


KBB should resume its rebound if it closes above  the 2-day high of RM0.50. A position can be initiated above this level, with a close below yesterday’s low of RM0.465 as stop-loss. The  price target is
RM0.75, provided that the recent high of RM0.60 is violated. The stock may retrace should the resistance hold and expect strong support at RM0.415.

Source: OSK

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