Tuesday 14 August 2012

Daily Trading Stocks : Cahaya Mata Sarawak

CMSB may climb higher after closing above the psychological RM3.00 yesterday. A position can be initiated above RM3.00, with a close below the recent low of RM2.90 as a stop-loss. The price target is RM3.56, provided that 2011’s high of RM3.10 is violated. The stock may correct should the stop-loss be triggered and strong support is expected at RM2.60.

Source: OSK

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