Wednesday, 1 August 2012

Daily Trading Stocks: Daibochi Plastic & Packaging Bhd

Daibochi’s rally should continue after it closed at its highest in more than a year yesterday. A purchase can be made above RM3.23, with a close below last Friday’s gap of RM3.19 as a stop-loss. The price target is RM3.50, with selling also anticipated at RM3.38. However, look for the stock to trade sideways if the stop-loss is triggered. Supports are at RM3.10 and RM3.00.


Source: OSK

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