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NewsOSK Research sees Sapura Industrial’s uptrend continuing (7811)
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OSK Research sees Sapura Industrial’s uptrend continuing (7811)
by hlk Fri 22 Jun 2012, 13:43
KUALA LUMPUR: OSK Retail Research expects Sapura Industrial's upward trend should continue after it closed at its highest in more than five years.
It
said on Friday position could be initiated on another close above the
broken resistance of RM1.70, with a close below the recent low of
RM1.50 as stop-loss.
“The price target is RM2.50, with selling
also expected at RM2.10. Failure to stay above RM1.70 could see selling
taking over but expect strong supports at RM1.57 and RM1.46,” OSK
Research said.
It
said on Friday position could be initiated on another close above the
broken resistance of RM1.70, with a close below the recent low of
RM1.50 as stop-loss.
“The price target is RM2.50, with selling
also expected at RM2.10. Failure to stay above RM1.70 could see selling
taking over but expect strong supports at RM1.57 and RM1.46,” OSK
Research said.
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