Tuesday 31 July 2012

Daily Trading Stocks: Asia Media Group Bhd

Asia  Media  should  continue  higher  after  printing  another  all-time high close yesterday. A position can be initiated at the current price with  a  close  below  the  two-day  low  of  RM0.58  as  a  stop-loss.  The price target is the psychological RM0.75 and selling is also expected at  the  round  figure  of  RM0.70.  The  stock  could  be  at  the  mercy  of the  seller  if  the  stop-loss  is  triggered  and  supports  are  at  RM0.545 and RM0.50. 


Source: OSK

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