The table below is a compilation of actively traded stocks with their stop-loss, support and upside targets together with some popular technical indicators. Stock name in bold represents stocks that are expected to attract momentum trading plays and hence encourage retail or short-term trading participation. Share price in bold reflects revised stop-loss, support and upside targets.
Recommendation (REC) in bold indicates changes to recent technical calls.
Comments: We have included Jaks, KHSB, KPS and Puncak in our daily stocks watch list with Sell on Rally call following yesterday’s strong surge, since we do not expect gains to hold for long with profit-taking correction imminent due to the sharp rally. Switch to Sell on Rally WCT towards RM1.20 resistance, while maintain SELL call on BCHB, IOI Corp, Maybank and Sime Darby which are likely to consolidate further with a downside bias.
Friday, February 13, 2009
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