0215 GMT [Dow Jones] STOCK CALL: SAAG (9652.KU) flat at 25 sen, but still trading above key support floor at 23.5 sen, says OSK technical analyst Shin Kao Jack. Says traders can consider accumulating shares above this level; eyes 30 sen to 31 sen upside target. "While the immediate technical outlook of SAAG is firmly bearish at the moment, a few rounds of strong technical rebound from the 23.5 sen level would be able to alter its currently bearish technical landscape," he says. Pegs cut-loss point at below 23.5 sen level; immediate resistance at 27 sen level. To downside, expects support at 20 sen to hold if support at 23.5 sen is violated.
Dow Jones Newswires
September 16, 2009 22:15 ET (02:15 GMT)
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