Monday 2 July 2012

Daily Trading Stocks: Bursa Malaysia Bhd

Bursa may rebound if it can break above the month-long resistance of RM6.20. A position can be initiated if it happens, with a close below the recent low of RM6.05 as a stop-loss. The price target is the early May low of RM6.70, where the 200-day MAV line currently lies, while failure to break resistance could see the stock go lower. Supports lie at RM5.90 and RM5.75.


Source: OSK

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