Sapura uptrend should continue after it closed at its highest in more than 5 years. A position can be initiated on another close above the broken resistance of RM1.70, with a close below the recent low of RM1.50 as stop-loss. The price target is RM2.50, with selling also expected at RM2.10. Failure to stay above RM1.70 could see selling taking over but expect strong supports at RM1.57 and RM1.46.
Source: OSK
No comments:
Post a Comment