Tuesday 24 July 2012

Daily Trading Stocks: Kulim (M) Bhd

Kulim’s  rally  may  resume  after  staying  above  the  short-term support level of RM5.12. A purchase can be made on a close above last Friday’s “Hammer” high of RM5.22 with a close below RM5.12 as  a  stop-loss.  The  price  target  is  RM6.00  and  selling  is  also expected  at  RM5.60,  provided  that  the  recent  high  of  RM5.45  is violated.  However,  a  close  below  RM5.12  could  see  the  stock correcting and supports are at RM4.80 and RM4.65.


Source: OSK

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