DAILY TRADING STOCKS: SUMATEC

Sumatec may trade higher after finding support at  the  6-month support level of RM0.175. A purchase can be made on a close above last Friday’s high of RM0.205, with a close below RM0.175 as stoploss. The price targets are RM0.235 and the recent high of RM0.25. A failure to close above RM0.205 may invite selling, with confirmation on a close below RM0.175. Supports are at RM0.155 and RM0.115.

Source: OSK