Daily Trading Stocks: Boustead Holdings Bhd

Boustead’s rebound may continue if it can close at last week’s high of RM5.40. A purchase can be made if it happens, with a stop-loss on  a  close below  the  recent low of RM5.25.  The price target is RM6.60, with resistance also expected at RM6.20.  However, look for the stock to tread lower should it close below RM5.25. Supports lie at RM4.95 and RM4.75.

Source: OSK