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: Further weakness on Genting and Resorts World towards lowered immediate supports of RM3.30 and RM2.00 is good to accumulate for technical rebound gains, given the increasingly oversold 14-day RSI. Switch to Buy on Dip again TMI towards RM2.60 for rebound to lowered immediate resistance of RM2.80, while Zelan may suffer further fall towards 60sen before more significant buying support emerge.
Thursday, March 5, 2009
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