Published: Friday June 22, 2012 MYT 8:45:00 AM
OSK Research sees Sapura Industrialís uptrend continuing
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.