Friday 7 September 2012

Daily Trading Stocks- Malaysia Marine & Heavy Eng Bhd

MHB’s decline should continue after closing at its lowest in more than a year. A trader can liquidate as long as the stock closes below RM4.70, with supports expected at RM4.40 and RM4.00. A sustained close above RM4.70 could bring a rebound but the stock will only gain traction on a close above RM4.90. Resistance is at early Aug’s low of RM5.15.

Source: OSK

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