Wednesday, 16 January 2013

Trading Stocks - KLCC Properties | QL Resources | Pavilion REIT | SBC | Pos Malaysia | Eden | Maxis | Chemical Company of Malaysia


KLCCP’s  rally  should  continue  after  the  stock  hits  a  new  all-time high.  A  purchase  can  be  made  if  it  closes  above  RM6.45,  with  a close  below  RM6.20  as  a  stop-loss.  The  price  target  is  at  RM7.40, with selling expected at RM7.00. The stock may trade sideways if it fails to get above RM6.45. Strong support  is at RM5.50.
QL  may  rise  if  it  can  break  above  the  RM3.22  resistance  level.  A purchase can be made if it closes above RM3.22, with a close below RM3.15  as  a  stop-loss.  The  price  target  is  at  RM3.50,  if  the  prior high  of  RM3.30  is  broken  convincingly.  The  stock  will  likely  trade sideways  if  it  fails  to  break  above  RM3.22,  with  strong  support  at RM3.00.
PAVREIT  should  climb  higher  after  staying  above  the  RM1.45 resistance  level.  A  purchase  can  be  made  above  RM1.45,  with  a close  below  RM1.40  as  a  stop-loss.  The  price  targets  are  at  RM1.58 and  RM1.65.  Failure  to  stay  above  RM1.45  will  likely  see  the  stock trend sideways, with strong support found at RM1.30.
SBCCorp’s rebound may continue after closing at its highest in more than  three  months.  A  purchase  can  be  made  if  it  closes  above RM1.10, with a close below RM1.07 as a stop-loss. The price target is  RM1.33,  with  selling  expected  at  RM1.20.  The  stock  may  trade sideways if it fails to break above RM1.10, with strong support seen at RM0.98.
Pos  may  go  into  a  correction  after  forming  weak  candles  below RM3.70.  A  trader  may  opt  to  liquidate  on  a  close  below  RM3.60, while supports are anticipated at RM3.45 and RM3.30. However, the strong  rally  may  resume  should  the  stock  close  above  RM3.70,  and expect strong resistance at the psychological RM4.00.
Eden may rebound after staying  above the round figure of RM0.30 for  several  days  now.  A  purchase  can  be  made  if  the  stock  closes above RM0.31, with a close below RM0.30 as a stop-loss. The price targets  are  RM0.335  and  RM0.36.  Failure  to  get  above  RM0.31 could send the stock sideways and support is expected at RM0.25.
Maxis may fall after forming weak candles below the RM6.60 level. A trader  can  opt  to  liquidate  if  the  stock  closes  below  RM6.50,  with support expected at RM6.35 and if that is broken, at RM6.20. Buying will  make  a  quick  return  if  RM6.60  is  violated  and  resistance  is anticipated at RM6.70 and RM6.85.
CCM  rebound’s  may  resume  if  it  closes  above  the  RM1.00 psychological level. A purchase can be made if that happens, with a close below RM0.96 as a stop-loss. The price targets are at RM1.10 and  RM1.20.  Failure  to  get  above  RM1.00  could  send  the  stock moving  sideways  and  supports  are  expected  at  RM0.90  and RM0.85.  

Source: OSK

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