Thursday, 26 July 2012

Daily Trading Stocks: Malaysia Building Society Bhd

MBSB may rally further after holding above the broken resistance of RM2.40 very well in the past week. A position can be initiated on a close  above  RM2.40,  with  a  close  below  as  a  stop-loss.  The  price targets  are  RM2.70  and  RM2.90.  The  stock  may  likely  correct  if  it fails to stay above RM2.40 and supports are at RM2.20 and RM2.00.


Source: OSK

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