Tuesday 19 June 2012

Daily Trading Stocks : Malaysia Building Society

MBSB should resume its climb if it can close back above the Mar high of RM2.42. A purchase can be made if that happens, with a close below the recent low of RM2.27 as stop-loss. The price target is RM3.00, with resistance also expected at RM2.80. The stock’s failure to close above RM2.42 could lead to a return in selling, with a close below RM2.27 as confirmation. Expect support at RM2.12 and RM2.00.


Source: OSK

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