Monday 16 July 2012

Daily Trading Stocks: Ajinomoto Bhd

Ajinomoto should continue higher after printing a 52-week high last Friday. A purchase can be made above RM4.50, with a close below last week’s low of RM4.36 as a stop-loss. The price target is RM5.50, provided that 2011’s high of RM5.00 is violated. The stock may trade sideways if it cannot hold above RM4.50. Further supports are at RM4.20 and RM4.00.


Source: OSK

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