Dataprep shares may  climb  after making a short term bottom yesterday.The stock, which we featured previously, has breached our target of RM0.425 but finally succumbed to sellingpressure just below  the  psychological RM0.50.  The stock went through a correction and foundsupport at RM0.35, which  represents a50% retracement of the Sep 2011-Feb 2012 rally. A short term base may have beencompleted after the stock closed  at  the highest in 12 days, and above the high ofthe prior 4 days.  The highest volume sincemid-Feb also suggests the return of buying support. As such, a purchase can bemade above RM0.38, or if possible, on pullback towards the stop loss of RM0.35.The price target is  the Nov 2011 high ofRM0.425 while a strong move could see a retest of RM0.50. A successfulviolation of RM0.50 should see the stock trading higher while a measured movebased on the prior 5-month rally is RM0.65. However, look for the price to  slip if the stop loss is triggered. Supports are expected at  the psychological RM0.30 and late-Nov 2011 low of RM0.25.

Asia Media's share price may have found a bottom yesterdayafter forming a 'Reversal' candle. The stock, which we have previously featured,breached our second target of  RM0.40 buta false break above the prior all-time high of RM0.425 brought a spate ofselling. The  selling  was intense as it even covered the gap ofearly Jan at RM0.30, a retracement of more than 62% of the Sep 2011-Feb 2012 rally,and just above the 200-day MAV line. However, the selling may have endedyesterday after the stock formed the positive 'Hammer' candle which usuallyappears at  the end of a selldown. Volumewas the highest in 3 days, possibly due to a return  of buying. Buying is confirmed should  the stock close above the 'Hammer' high, alsothe 2-day high, of RM0.32 while a close below the 'Hammer' low of RM0.30 can beemployed as  a  stop loss. Given the sharp fall,  the modest targets  at  RM0.375 and RM0.40 are set, both Fibonaccilevels of the past 7 days of the down move. However, another close aboveRM0.425 should see the resumption of the  5-month rally.  Meanwhile, a close below RM0.30 should signalthe end of the uptrend, with supports seen at RM0.275 and RM0.25.

Source: OSK188