Daily Trading Stocks : Pos Malaysia Bhd

Pos may rally after it closed at its highest in more than 10 months yesterday and above RM2.90 for 2 days in a row. A purchase can be made above RM2.90, with a close below the 2-week low of RM2.85 as a stop-loss. The price target is  the  prior high of RM3.30, with selling also anticipated at RM3.15. However, the stock  is  likely  to trade sideways if the stop-loss is triggered. Supports are at RM2.75 and RM2.65.

Source: OSK