Thursday 5 July 2012

Daily Trading Stocks: China Stationery Ltd

CSL is likely to fall after failing to break above the RM1.50 resistance level this week. In fact, any rebound towards RM1.50 is an opportunity to liquidate. Otherwise, selling can be done on a close below RM1.30. Supports are at RM1.19 and RM1.00. However, look for the stock to rally should it close above RM1.50, with resistance at RM1.60 and RM1.80.


Source: OSK

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