Jan 6, 2010


Sunrise stock code 6165


Chart wise : In position to go higher……………

Sunrise stock had on 5/1/2010 crossed over the immediate high of  RM2.20 (17/12/2009) to reach a day high of RM2.26 before settled at RM2.23. 

Next Potential Upside Target : With the upside violation of RM2.20 level, Sunrise would thus be likely to trade upward with next upside target at RM2.38. 

Entry Level  : Risk taking traders may establish buying position at RM2.20.

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM2.06 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities