Thursday 9 August 2012

Daily Trading Stocks: Petronas Dagangan

PetDag should climb further after it printed an all-time high close yesterday. A position can be initiated above RM22.00, with a close below the two-month low of RM21.00 as a stop-loss. The price target is RM25.00, with selling also expected at RM21.00. The stock may correct should the stop-loss be triggered. Supports are expected at RM20.00 and RM19.20.

Source: OSK

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