Friday 7 September 2012

Daily Trading Stocks- China Stationary Ltd

CSL’s three-week sideways consolidation may provide an upside surprise after a higher close yesterday. A position can be initiated on a close above RM1.18, with a close below RM1.12 as a stop-loss. The price target is at May’s low of RM1.30, with selling expected at RM1.23. The stock will likely decline if the stop-loss is triggered and strong support is seen at RM1.00.

Source: OSK

No comments:

Post a Comment