Friday 22 March 2013

Trading Stocks - 22 March 2013 - Sunway | Poh Huat Resources | Ahmad Zaki | Favelle Favco | KUB Malaysia | Ekovest | FACB Industries | Lein Hoe Corp


Sunway should continue scaling higher after holding on to the gains of  Wednesday.  A  purchase  can  be  made  if  the  stock  stays  above RM2.80, with a close below RM2.72 as a stop-loss. The price target is  RM3.30,  if  the  psychological  RM3.00  is  broken.  Failure  to  stay above  RM2.80  should  see  the  stock  move  sideways,  with  support seen at RM2.60 and RM2.50. 
Poh  Huat  may  rise  further  after  closing  the  highest  in  more  than  a year.  A  position  can  be  initiated  if  the  stock  stays  above  RM0.47, with  a  close  below  RM0.46  as  a  stop-loss.  The  price  target  is  at  RM0.585, with resistance also expected at RM0.525. A close  below RM0.46 will likely see the stock trade sideways, with strong support at RM0.40.
Source: ;RHB

No comments:

Post a Comment