Tuesday 12 June 2012

DAILY TRADING STOCKS: ZHULIAN



Zhulian may resume its upward move if it breaks above  the  5-month resistance of RM2.00.  A  purchase can be made if  that happens, with a close below the recent low of RM1.88 as stop-loss. The price target is RM2.40, provided that  the  all time high of RM2.20 is broken convincingly. The stock  is  likely  to  enter into a correction should  the  RM1.88  level be violated. Supports are at RM1.73 and RM1.67.

Source: OSK

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