Asian Pac has been consolidating the strong gains recorded on 3 and 8 of Feb 2012. Yesterday, its volume rebounded and it was also among the most actively traded stocks. This could be an early sign that the stock is trying to end the consolidation phase. Also, judging from the constructive price action following the strong gains recorded early this month, we advise traders to accumulate shares within the consolidation zone that ranges from RM0.105 to RM0.125. We are eyeing the RM0.14 and RM0.15 levels as the upside targets. We advise a cut-loss strategy at below the RM0.105 level.
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