Chart wise : A matter of time ……………
click to enlarge
Sunway (4308-MainBoard) had on 19/3/2010 tested immediate high of RM1.55 (18/1/2010) before settled at RM1.55.
Next Potential Upside Target : An upside violation of RM1.55 hurdle would likely see Sunway to trade upward with next upside target at RM1.80.
Entry Level : Risk taking traders may establish buying position at RM1.52.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM1.43 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities
click to enlarge Sunway (4308-MainBoard) had on 19/3/2010 tested immediate high of RM1.55 (18/1/2010) before settled at RM1.55.
Next Potential Upside Target : An upside violation of RM1.55 hurdle would likely see Sunway to trade upward with next upside target at RM1.80.
Entry Level : Risk taking traders may establish buying position at RM1.52.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM1.43 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities
