Daily Trading Stocks : Sarawak Cable Berhad

Sarawak Cable may resume its downward move after closing below the support level of RM1.70. A liquidation can be undertaken below the level or if possible, on any rebound. Support is expected at  the
Sept 2011 low of RM1.50 and the gap of June 2011 of RM1.31.  A rebound may follow should the stock stage a false breakdown of the RM1.70 support level but  a  downside bias is expected to reassert itself as long as the RM1.92 resistance level is not broken.

Source: OSK