Thursday, 2 August 2012

Daily Trading Stocks: Shangri-La Hotels (M) Bhd

Shang may rally further after closing above the psychological RM3.50 yesterday. A purchase can be made above the level, with a close below the recent low of RM3.25 as a stop-loss. The price target is RM4.10, with selling also expected at RM3.90. Failure to hold above RM3.50 could see the stock trend sideways, with further support at RM3.10.


Source: OSK

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