Friday 20 July 2012

Daily Trading Stocks : Alliance Financial Group Bhd


AFG may have made a short term bottom if it closes above RM4.30, which should see it continuing higher. A position can be initiated on a close above the level, with a close below RM4.20 as  a stop-loss. The price target remains at RM4.70, with resistance also expected at RM4.50. Failure to break above RM4.40 could see it  move sideways, with strong support at RM4.00.

Source: OSK

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