Thursday 16 August 2012

Daily Trading Stocks- SYF Resources Bhd

SYF should rally further after closing at its six-month high. A position can be initiated above yesterday’s high of RM0.565, with a close below RM0.55 as a stop-loss. The price targets are at prior highs of RM0.625 and RM0.725. Failure to stay above RM0.55 will likely see it sideways with strong support at RM0.50.

Source: OSK

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