Tuesday 11 September 2012

Daily Trading Stocks - Mudajaya Group Bhd

Mudajaya may decline after failing to break above RM2.80 despite multiple tests. A position can be liquidated below RM2.70 and selling should intensify below RM2.50. Further support is at Jan’s gap of RM2.35. Failure to stay below RM2.50 could lead to a rebound but weakness is only cancelled on a close above RM2.80.

Source: OSK

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