Petronas Dagangan (Code: 5681) is displaying strength on the background (Potential Buying Stock). When there was a drop on 4th July (high volume down bar, close higher than low), it indicates that the market was not interested to push it down further.
With limited risk, recommended to buy if breaks previous high @ RM7.50. Stop Loss should be placed @ RM7.25. Next Resistance @ RM7.60
This is a medium term trade with marginal return.
Dynaquest Rating: 5.5
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David Kong
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