Daily Trading Stocks : Pacific & Orient Bhd

P&O should continue higher after closing above the early high of RM1.12 for two days in a row. Position can be  initiated above RM1.12, with a close below Wednesday’s gap low of RM1.10 as  a stop-loss. The price target is 2011’s high of RM1.30 and selling is also expected at RM1.20. The trade may not work out should the stoploss be triggered. Expect strong support at RM1.00.

Source: OSK