Trading Stocks - 8 February 2013 - AFG | Hartalega

AFG  may  climb  after  holding  well  above  the  200-day  MAV  line.  A position  can  be  inititated  if  the  stock  closes  above  RM4.30,  with  a close  below  RM4.20  as  stop-loss.  The  price  target  is  RM4.65,  if  it convincingly breaks the RM4.40 resistance level, while failure to rise above  RM4.30  could  see  the  stock  end  lower,  with  strong  support seen at the psychological RM4.00

Hartalega’s rebound  off  the  200-day  MAV  line  may  resume  if  the stock  closes  above  RM4.75.  A  purchase  can  be  made  if  this happens, with a close below RM4.60 as stop-loss. The price target is RM5.30,  if  it  violates  the  recent  high  of  RM5.10,  while  failure  to break above RM4.75could likely  see the  stock trade sideways, with supports anticipated at RM4.50 and a stronger one at RM4.25.

Source: OSK