Comments: Maintain SELL call on banking stocks AMMB and Maybank and switch to Buy on Dip Gamuda and IJM Corp towards the 30-day SMA or lower Bollinger band for better leverage on a rebound. The immediate supports of Genting and KNM are revised lower to RM3.40 and 39sen respectively due to buyers’ strike, while revert to Sell TM given the strong chart resistance from the upper Bollinger band and 200-day SMA.
Wednesday, February 25, 2009
Technical Stock Picks Compilation Table
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 encourageretail 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: Maintain SELL call on banking stocks AMMB and Maybank and switch to Buy on Dip Gamuda and IJM Corp towards the 30-day SMA or lower Bollinger band for better leverage on a rebound. The immediate supports of Genting and KNM are revised lower to RM3.40 and 39sen respectively due to buyers’ strike, while revert to Sell TM given the strong chart resistance from the upper Bollinger band and 200-day SMA.
Comments: Maintain SELL call on banking stocks AMMB and Maybank and switch to Buy on Dip Gamuda and IJM Corp towards the 30-day SMA or lower Bollinger band for better leverage on a rebound. The immediate supports of Genting and KNM are revised lower to RM3.40 and 39sen respectively due to buyers’ strike, while revert to Sell TM given the strong chart resistance from the upper Bollinger band and 200-day SMA.
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