Stock Pick Compilation Table 2

By Zhuge Liang

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:
Due to the strong rally yesterday, we have switched the trading call on IOI Corp to Sell on Rally (SOR) to the revised immediate upside target of RM4.60 given the overbought 14-day RSI (71.46). Meantime, lower liners Lion Ind, MRCB, Tebrau, UEM Land & Zelan are also SORs to the revised higher upside targets due to increasing overbought conditions with rallies above the upper Bollinger band likely to encourage profit-taking and selling in the short-term.

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