Friday, 27 July 2012

Daily Trading Stocks: Parkson Holdings Bhd

Parkson  could  rally  if  it  can  stay  above  RM4.70  today.  A  purchase can  be  made  if  it  happens  or  otherwise,  on  a  close  above  the  June high  of  RM4.85,  with  a  close  below  the  recent  low  of  RM4.60  as  a stop-loss.  The  price  targets  are  the  psychological  RM5.00  and  the prior  low  of  RM5.20.  A  close  below  RM4.60,  however,  should  see the stock lower. Support is at RM4.30 and stronger one at RM4.00.


Source: OSK

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