Dec 29, 2009

Sapura Crest - stock code 8575


Stock name: Sapcres       Stock Code: 8575

Chart wise : Highest high since 3/8/2007……………
Sapura Crest had on 28/12/2009
gapped up to cross over the immediate high of  RM2.37
(23/12/2009) to reach the highest high of  RM2.42 since
3/8/2007 before settled at RM2.41. 

Next Potential Upside Target : With the upside
violation of  RM2.37 level,  Sapura Crest would thus be
likely to trade upward with next upside target at RM2.60. 

Entry Level  : Risk taking traders may establish buying
position at RM2.40.

Stop Loss Level : Once a buying position is being
established, a stop loss level at  RM2.23 level  must be
placed for risk capital protection purpose followed by
trailing stop loss strategy.

source : Mercury Securities