Friday 20 July 2012

Daily Trading Stock : Hap Seng Plantations Holdings Bhd


HSPlant’s rebound should continue if it closes above the five-month resistance level of  RM3.20. A position can be initiated on a close above the level, while a close below RM3.10 can be employed as a stop-loss. The price target is RM3.75, with selling also anticipated at RM3.40. Failure to break higher could see it sideways, with supports at RM3.00 and RM2.85.

Source: OSK

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