Wednesday, 7 March 2012

OSK Retail Research: Accumulate Techfast, eyes 23.5 sen area

KUALA LUMPUR (March 7): OSK Retail Research said TECHFAST HOLDINGS BHD []’s share price is heading towards the 200-week MAV line with strong volume, implying an obvious attempt at violating the declining moving average line.

It said on Wednesday that should the 200-week MAV line be violated, this will lead to a major breakout and therefore, it advises traders to accumulate its shares in anticipation of a breakout.

“We are eyeing the 23.5 sen to 24.5 sen area as the upside target. A cut-loss strategy should be considered if the share price retraces below the 200-week MAV line,” it said.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...