Monday 9 July 2012

Daily Trading Stocks: Bandar Raya Development Bhd

BRDB’s six-month sideways move should have ended after it closed at  its  highest  in  more  than  ten  months.  A  position  can  be  initiated above  RM2.40  with  a  close  below  RM2.25  as  a  stop-loss.  A conservative  trade  may  wait  until  a  close  above  RM2.50  before entering.  Price  target  is  RM3.10.  A  failure  to  stay  above  RM2.40 could  see  a  return  of  selling  with  a  close  below  RM2.20  as confirmation.  Supports are at RM2.10 and RM2.00.


Source: OSK

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