Ajinomoto’s rebound should continue if it can close above the RM4.60 resistance level. A purchase can be made if it happens, with a close below the recent low of RM4.50 as a stop-loss. The price target is at prior high of RM5.35, provided that the 2011’s high of RM5.00 is violated. The stock may however correct should it close below RM4.50. Supports are seen at RM4.25 and RM4.10.
Source: OSK
No comments:
Post a Comment