Stock to Buy in Singapore Stock Market (28th April '11)
SCRIP NAME | Orchard Parade Holding Ltd. |
ACTION | Long |
HOLDING PERIOD | 5-6 days |
RECOMMENDED PRICE | 1.58 |
TARGETS | 1.62-1.66-1.70 |
STOP LOSS | 1.54 |
Orchard Parade Holding Ltd. looks good on weekly as well as daily graph; it is traded above its major Resistance of 1.55 level which is also its 100 day MA.
It crossed its Resistance level of 1.55 and its now above its 100 day MA level so it looks bullish on charts and seems to go more upside so one can take long position above 1.58 level in it.
Orchard Parade Holding Ltd. having Resistance level @ 1.60-1.64 and 1.70 after our call it made a high of 1.60 which is its immediate Resistance level and if it will crossed than it can go for 1.64-1.70 and above this till 1.75-1.80 soon.
It has Support @ its previous resistance now Support of 1.55 levels and if it will cross this level than it can go for 1.50 too.
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