Thursday 5 July 2012

Daily Trading Stocks: Hua Yang Bhd

Hua  Yang’s uptrend will likely continue  after  it  reached  a  five-year high yesterday. A purchase can be made above the broken RM1.75 resistance  level,  while  a  close  below  the  two-week  low  of  RM1.18 can  be  employed  as  a  stop-loss.  The  price  target  is  RM2.00,  with selling also anticipated at RM1.87. A close back below RM1.75 may signal a false breakout, while weakness will be confirmed on a close below RM1.65. Strong support lies at RM1.55.


Source: OSK

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