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By Zhuge Liang
The table below (pls scroll down) 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:
We are revising the trading recommendation for BCHB and Maybank to Buy on Dip (BOD) from BUY given the likelihood for further post window-dressing weakness today. Look for decent support at RM5.50 and RM5.00 respectively to cushion near-term downside risk. Meantime, the immediate support for WCT is revised lower to RM1.50, with stronger support at RM1.40, while immediate resistance is adjusted downwards to RM1.80. The call remains to Buy on Dip (BOD).
As range bound trade are expected to persist in the short-term, stocks which are trading close to their upper Bollinger bands should be sold while the reverse is true for stocks trading near the lower Bollinger bands.
Legend on recommendation (REC) :
Comments:
We are revising the trading recommendation for BCHB and Maybank to Buy on Dip (BOD) from BUY given the likelihood for further post window-dressing weakness today. Look for decent support at RM5.50 and RM5.00 respectively to cushion near-term downside risk. Meantime, the immediate support for WCT is revised lower to RM1.50, with stronger support at RM1.40, while immediate resistance is adjusted downwards to RM1.80. The call remains to Buy on Dip (BOD).
As range bound trade are expected to persist in the short-term, stocks which are trading close to their upper Bollinger bands should be sold while the reverse is true for stocks trading near the lower Bollinger bands.
Legend on recommendation (REC) :
BOD = Buy On Dip;
BOB = Buy On Breakout;
BFB = Buy For Breakout;
TP = Take Profit;
SOR = Sell On Rally
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