Daily Trading Stocks : Mudajaya Group Berhad

Mudajaya may rise further if it can close above the 2-month high of RM2.82.  A purchase can be made if  that  happens, with a close below Monday’s low of RM2.68 as stop-loss.  The price target is RM3.50, provided that  the  recent high of RM3.20 is violated. A failure to break above RM2.82 may embolden sellers. A close below RM2.68 increases the possibility of breaking under RM2.50. Further support is at the Jan gap of RM2.35.

Source: OSK