Friday 6 July 2012

Daily Trading Stocks: Genting Plantations Bhd

Genting Plantations’ rally should continue after closing at yesterday’s all-time high. A position can be initiated on another close above RM10.00, with a close below yesterday’s low of RM9.60 as stop-loss. The price target is RM12.20, with selling anticipated at RM11.50. Failure to break higher could see trading on the stock trending sideways, with strong support lying at RM9.00.


Source: OSK

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