Thursday 13 December 2012

Trading Stocks - AFG | Berjaya Food | Konsortium Logistik | Press Metal | Gtronic | Fitter Diversified | Astro | Coastal Contracts


AFG may climb higher after holding above the 200-day MAV line. A purchase can be made above RM4.13, with a close below RM4.00 as a stop-loss. The price target is RM4.65, if the recent high of RM4.40 is broken. The stock may decline if it is unable to stay above RM4.13 and selling is likely to intensify below RM4.00. 
BjFood  should  climb  higher  after  printing  a  52-week  high.  A purchase  can  be  made  above  RM1.30,  or  otherwise  on  a  close above RM1.35, with a close below RM1.23 as a stop-loss. The price target  is  RM1.5,  with  selling  also  expected  at  RM1.44.  Failure  to break  higher  may  see  the  stock  trade  sideways,  with  further support at RM1.10.
Konsort may rise after closing at its highest in 6 months. A purchase can be made if it stays above RM1.04, with a close below RM0.98 as a  stop-loss.  The  price  target  is  2012’s  intraday  high  of  RM1.24. Failure  to  stay  above  RM1.04  could  see  the  stock  trend  sideways, with strong support at RM0.90.
PMetal  may  rebound  after  staying  above  RM1.80  for  several  days now.  A  purchase  can  be  made  above  RM1.80,  with  a  close  below RM1.75  as  a  stop-loss.  The  price  targets  are  the  prior  highs  of RM1.94  and  RM2.10.  A  close  below  RM1.75  should  see  the  stock trade lower, with strong support expected at RM1.60. 
Gtronic may rebound after it appears to make a bottom at RM1.35. A purchase can be made above RM1.38, with a close below RM1.35 as  a  stop-loss.  The  price  targets  are  RM1.50  and  the  recent  high  of RM1.60. The stock may trade lower if it fails to hold above RM1.38, with supports expected at RM1.25 and RM1.20.
Fitters  may  fall  further  if  it  closes  below  the  RM0.60  support  level. Liquidation can be done if that happens and supports are expected at  RM0.56  and  RM0.535.  Buying  could  make  a  return  if  the  stock could  not  force  a  close  below  RM0.60,  following  which  it  could trade higher. Resistance can be seen at RM0.65 and RM0.72.
Astro  may  fall  after  failing  to  break  above  the  RM3.00  resistance level.  An  investor  may  choose  to  liquidate  if  closes  below  RM2.95 and  supports  are  expected  at  RM2.85  and  RM2.80.  The  stock  will continue  to  rise,  however,  if  it  closes  above  RM3.00  and  resistance can be seen at RM3.10 and RM3.20.
Coastal  may  go  up  if  it  stays  above  the  RM2.03  support  level.  A purchase can be made if the stock closes again above RM2.03, with a close below RM1.95 as a stop-loss. The price targets are the gaps of  RM2.22  and  RM2.30.  A  close below  RM1.95  could  see  the  stock trend lower, with supports expected at RM1.85 and RM1.75.
Source: OSK

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