Daily Trading Stocks : Favelle Favco Bhd

Favco could rally after  it  rebounded well above the 200-day MAV line recently. A position can be initiated above RM1.50, with a close below RM1.40 as stop-loss.  The price target is  the  2011 high of RM1.80, provided that  the  recent high of RM1.60 is violated convincingly. The stock should trade lower if the stop-loss is triggered and supports lie at RM1.30 and RM1.15.

Source: OSK