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Sunday, April 12, 2009

SAAG >>> No More Sagging After 100 MAV Taken Out

9652 SAAG
Trading on SAAG’s shares had been rather active over the last few trading days as the stock crack above the 100-day MAV line, which is now situated at the RM0.19 level.
This punch thru above the 100-day MAV line triggered a Buy Signal for this stock.
We are eyeing the RM0.28 level as the upside target. Cut-loss point is pegged at below the 50-day MAV line, which is now lying at the RM0.18 level.
At below the 50-day MAV line, look for the RM0.14 level as the next key support.Although the mid-term technical outlook of SAAG will be neutral even if it breaks out from the 100 - day MAV line, it is still expected to generate a round of strong upward momentum.

Recommendations >>> ACCUMULATE

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