Friday, 8 March 2013

Trading Stocks - 8 March 2013 - Mah Sing | Perdana Petroleum | Glomac | Yinson | KSL | Xingquan | Kumpulan Firma | MRCB

Glomac  may  climb  after  posting  a  new  52-week  high  yesterday.  A purchase can be made if the stock stays above RM0.90, with a close below  RM0.86  as  a  stop-loss.  The  price  target  is  RM1.05,  with resistance expected at the psychological RM1.00. The stock’s failure to  stay  above  RM0.90  could  see  it  move  sideways,  with  strong supports seen at RM0.85 and RM0.815.
Perdana may trade higher if it  breaks above the RM1.30 resistance level.  A  position  can  be  initiated  if  it  happens,  with  a  close  below RM1.23  as  a  stop-loss.  The  price  target  is  RM1.55,  with  resistance expected  at  RM1.45.  Failure  to  get  above  RM1.30  should  see  the stock  trend  sideways,  with  supports  expected  at  RM1.10  and RM1.00.

Source: RHB

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