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Tuesday, April 26, 2011

ZLBT Random Stock Picks >>> E&O + L&G

E&O (Code : 3417)
Technical Comments: While E&O shares close above the upper Bollinger band yesterday is encouraging, a confirmed breakout above the7/1/11 high of RM1.38 on strong volume is needed to trigger rally towards RM1.51 (1.236FP), RM1.59 (1.382FP) and RM1.65 (1.5FP), with good support at RM1.25 (76.4%FR).

L&G (Code :: 3174)
Technical Comments : L&G shares look set to recover towards 53sen (76.4%FR) on positive technical momentum, with further strength to meet resistance from the 2/11/10 high of 58.5sen. A breakout would target 64sen (1.236FP), 67sen (1.382FP) and 70sen (1.5FP), while support comes from the 50-day moving average (45sen). 

HAPPY TRADING & GOODLUCK2ALL

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