Waseong (stock code 5142-MainBoard)
Chart wise : Ready to attempt higher ………
above chart: click to enlarge
Waseong had on 2/4/2010 crossed over immediate high of RM2.69 (25/3/2010) to a day high of RM2.71 before settled at RM2.69.
Next Potential Upside Target : An upside violation of RM2.69 again would see Waseong to trade upward with next upside target at RM2.80 – RM2.85.
Entry Level : Risk taking traders may establish buying position at RM2.66.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM2.58 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities
