Media Prima may rebound after the “Hammer” formed last week. A purchase can be made on a close above the 3-day high of RM2.25, with a close below RM2.19 as stop-loss. A conservative trade may opt for the recent low of RM2.10 as stop-loss instead. The price target is the broken support of RM2.46. The upside bias is nullified should it close below RM2.10, after which it may trade lower instead. Supports are at RM1.90 and RM1.70.
Source: OSK
No comments:
Post a Comment