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
