Apr 30, 2010

YSPSAH Stock Code 7178 Technical

-Chart wise : Highest since 11/6/2009……………

YSPSAH had on  28/4/2010 crossed over immediate high of RM1.19 (31/3/2010) to reach highest high of RM1.24 since 11/6/2009 before settled at RM1.23. 

above: click to enlarge

Next Potential Upside Target : With the upside violation of RM1.19 level, YSPSAH would thus be likely to trade upward with next upside target at RM1.36. 

Entry Level  : Risk taking traders can establish buying position at RM1.18 as pull back was seen possible before resuming its upward move given the sharp rise yesterday (28/4/2010).

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM1.13 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.

by Mercury Securities Research

Bursa Malaysia Stocks