Wednesday 20 June 2012

Daily Trading Stocks - UOA Development Berhad


UOADev may trade higher if it can close above the 5-month high of RM1.57. A purchase can be made if  that  happens, with a close below the 3-month low of RM1.42 as stop-loss. An aggressive trader may even exit on  a  close below last Friday’s low of RM1.50.  The price targets are  RM1.80 and RM2.00. A failure to break  the resistance should see the stock continue its sideways move, while a break of RM1.42 will see it  move  lower, with strong support at RM1.30.

Source: OSK

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