Daily Trading Stocks: Quil Capita Trust

Quil’s upward move should continue if it breaks above the 4-month resistance of RM1.15. A position can be initiated if it happens, with a close below RM1.12 as stop-loss. An aggressive trader may enter now on anticipation of a breakout. The price target is RM1.27, with selling also expected at RM1.20.  But look for the stock to correct should the stop-loss  be triggered. Strong support is found at RM1.08.

Source: OSK