Wednesday 8 August 2012

Daily Trading Stocks: Zhulian Corp Bhd

Zhulian should climb higher if it stays above RM2.20. A purchase can be made on a close above RM2.20, with the recent low of RM2.11 as a stop-loss. An aggressive trader may even opt for yesterday’s gap of RM2.17 as a stop-loss. The price target is at RM2.50, with selling also expected at RM2.40. Failure to break higher could see it consolidating sideways. Strong support is seen at RM2.00.

Source: OSK

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