Daily Trading Stocks : Padiberas Nasional Bhd

Bernas’ rally is likely to continue if it closes above RM3.50. A purchase can be made on a close above the level, or otherwise on a close above 2011’s intraday high of RM3.60, with a close below the recently-broken resistance of RM3.30 as a stop-loss. The price target is RM4.00, with possible selling at RM3.80.  Failure to break higher should see it sideways with further support at RM3.00.

Source: OSK