Daily Trading Stocks: Malaysia Airline System Bhd

MAS has to close above RM1.20 or risk falling further. Weakness is confirmed on another close below the 2-week low of RM1.12 and a position can be liquidated if  that happens. Strong support is expected at the psychological RM1.00 and a successful violation of that  is required if the stock is to trade lower. However, a close above RM1.20 should see the continuation of a rebound and resistance is expected at RM1.30.

Source: OSK