Tuesday 10 July 2012

Daily Trading Stocks: AT Systemization Bhd

AT  should  rebound  further  after  it  closed  above  the  one-month resistance  of  RM0.21  yesterday.  A  position  can  be  initiated  above the  level,  with  a  close  below  the  gap  of  RM0.18  as  a  stop-loss.  The price target is at the Fibonacci levels of prior decline of RM0.26 and RM0.28.  Failure  to  break  higher  could  see  sellers  returning  with  a close below RM0.165 as confirmation. Supports are at RM0.115 and RM0.09.


Source: OSK

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