Wednesday 11 July 2012

Daily Trading Stocks: Rubberex Corp Bhd

ubberex’s rally should continue after it closed above RM0.80 for two days running. A purchase can be made above RM0.80 with a close below it as a stop-loss. The price target is the two-year high of RM1.10, provided that psychological RM1.00 is violated. A failure to hold above RM0.80 may lead to a correction to the rally that started in May. Supports are at RM0.73 and RM0.70.


Source: OSK

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