Tuesday 19 March 2013

Trading Stocks - 19 March 2013 - F&N | CB Industrial | Cypark | TH Plantation | TH Heavy Engineering | Perisai | Daya Materials | SKP Resources



F&N  should  continue  to  climb  after  closing  at  its  highest  in  3 months. A purchase can be made if the stock stays above RM18.30, with  a  close  below  RM17.90  as  stop-loss.  The  price  targets  are  the prior highs of  RM18.90 and RM19.80. The stock may drift sideways if it fails to stay above RM19.80, and its downside bias will increase if the stop loss is triggered.  
CBIP may decline further if the stock closes below the psychological RM2.50  level.  Liquidation  can  be  made  if  it  happens  and  supports are anticipated at  the  prior lows of RM2.30 and RM2.20. Failure  to force  a  close  below  RM2.50  may  see  a  return  in  buying  but  expect strong resistance at RM2.60 and RM2.65.

Source: RHB

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