DAILY TRADING STOCKS: ZELAN

Zelan’s downward bias increased after staying below the 200-day MAV line for more than 3 weeks now. A liquidation can be made on a  close below  the  RM0.365 support level. Further supports are expected at RM0.345 and RM0.31. An upward bias will only return if it closes above  the  3-week high of RM0.40. Expect resistance at RM0.45 and RM0.50.

Source: OSK