Petra stock code 7108
Chart wise : Ready to charge again ……………
above: click to enlarge
Petra had on 13/4/2010 traded higher with a day high of RM1.72 before settled at RM1.66.
Next Potential Upside Target : A crossover of RM1.70 level, Petra would thus be likely to trade upward with next upside target pegged at RM1.81.
Entry Level : Risk taking traders may establish buying position at RM1.64.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM1.59 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities
