Monday 30 July 2012

Daily Trading Stocks : Kuala Lumpur Kepong

KLK may decline after last Wednesday’s “Hammer” failed to push the stock higher. A position can be exited on a close below the candle low of RM23.25 and supports are expected at RM22.20 and RM21.60. Failure to break below could see a rebound but the negative bias is only nullified on a close above the recent high of RM24.50. Resistance levels are at RM25.00 and RM26.00.


Source: OSK

No comments:

Post a Comment