NIHSIN : A COUNTER TO WATCH

Ni  Hsin  Resources  may  trend  higher  inching  above  the  MYR0.34 level  in  its  latest  session,  albeit  marginally.  Traders  may  buy  as  a bullish  bias could be present above this level, with a  target price  of MYR0.385. The stock may take a breather if it cannot sustain above the  MYR0.34  mark.  In  this  case,  further  support  is  anticipated  at MYR0.30, where traders can exit upon a  breach to avoid the risk of a further correction.

Source : RHB, Bloomberg : 13-NOV-2015