Thursday 5 July 2012

Daily Trading Stocks: Xingquan Int’l Sport Holding Bhd

Xingquan’s  consolidation  may  be  over  if  it  can  close  above  the three-month  high  of  RM0.92.  A  position  can  be  initiated  if  this happens,  with  a  close  below  the  one-month  low  of  RM0.87 employed  as  a  stop-loss.  The  price  target  is  RM1.20,  provided  that 2011’s  intraday  high  of  RM1.05  is  violated.  Failure  to  break resistance could lead the stock lower, with a close below RM0.83 as confirmation. Support lies at RM0.75.


Source: OSK

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