Thursday 14 June 2012

Daily Trading Stocks : Telekom Malaysia

TM may have started a new leg of uptrend after closing at an all time high yesterday. Another close above RM5.50 should confirm the break and a purchase can be made if that happens, with a close below the recent low of RM5.20 as stop-loss. An aggressive trade may exit on a close below Tuesday’s low of RM5.42. The price targets are RM5.90 and RM6.25. A close below RM5.42 could see it trading sideways, with strong support at RM5.20.


Source: OSK

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