Tuesday 3 July 2012

Daily Trading Stocks: Kurnia Asia Bhd

Kurnia  Asia’s  rebound  should  continue  if  it  closes  again  above  the five-month  resistance  level  of  RM0.65.  A  position  can  be  initiated on  a  close  above  the  resistance,  with  a  close  below  recent  low  of RM0.625 as a stop-loss. The price target is RM0.75, with resistance also  expected  at  RM0.70.  Failure  to  break  higher  will  likely  see  the stock  moving  sideways,  with  further  supports  at  RM0.59  and RM0.53. 


Source: OSK

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