Daily Trading Stocks : Press Metal Bhd

PMetal may decline after closing at its six-month low last Friday. A position can be liquidated below RM1.77 or alternatively below Dec 2011’s low of RM1.70.  Supports are expected at RM1.60 and
RM1.50. A close back above RM1.77 suggests a false breakout, but negative bias is only nullified by a close above RM1.94.

Source: OSK