In this report, we are revisiting the stocks  that werehighlighted in our previous Daily Trading Stock reports. As  these stocks have  continued to garner marketinterest, we are  examining  their current technical picture andidentifying the new levels to be mindful of, including their price targets aswell as support and resistance levels. 

JCY International:Testing resistance. JCY has moved favourably since it was highlighted in lateMarch. The higher volume 'though relatively less than the volume a few monthsback ' in the past few days confirms the return of buying interest. The stockis now testing the RM1.40 level, which it failed to  stay above in early February. Sellingpressure is seen again, as shown by the 'Upper Shadow' on Monday and the'Bearish Engulfing' candle that formed yesterday. Thus, the level has to beviolated convincingly to keep the rally going. Resistance is still expected atRM1.50 and RM1.60, as mentioned in  our previousreport. A failure to break RM1.40 increases the possibility of a correction tothe Oct-Feb rally. The 50-day MAV line, now at RM1.23, should act as a supportjust like it did in the past month. The confirmation of a correction will comeuponthe violation of strong support at the March-low of RM1.07.

Hibiscus: Testingpsychological level. The stock confirmed the continuation of  the uptrend last week after closing above theRM1.84 resistance level, as identified in our previous report. However, theprice reaction on Monday shows that sellers are not letting up either. This isshown by the 'Upper Shadow' of the 'Long White' of last Friday, which isfollowed by Monday's black candle. Attempts to close above RM2.00 yesterdayalso failed. Therefore, the stock has to close back above RM2.00 to reaffirm theuptrend with a close above RM2.20 as  theconfirmation. A  failure to close aboveRM2.00 in the coming days, if not weeks, may signal at least the start of acorrection. This should be confirmed by a close below Monday's low of RM1.92and a close below RM1.68 is needed to fully erase the upside bias of the 13April 'Long White' candle. Given the firm 7-month rally, support is expected atRM1.50, the low of February and RM1.25, the high of January.

Focus Dynamics:  Rally continuation.  This stock was highlighted  several times previously and it continues tomove favourably. After peaking just below the target of RM0.25, the stock wentinto a month-long consolidation. The firm move yesterday, with strong buyinginterest as suggested by the high volume, likely signals the start of a newup-leg. Thus, purchases can be made above RM0.16 and a measured move basedon  the Dec-Feb rally could see  the stock at RM0.30, which tests the high of2009. This is provided that the resistance levels at the psychological RM0.20and RM0.25 ' a major support level in 2007 ' are violated convincingly. Afailure to break RM0.20 indicates at least the start of a correction with a closebelow RM0.16 as  the confirmation. Strongsupport is at RM0.125,  the violation ofwhich may signal the end of the rally.

Pos Malaysia:Tight consolidation. The stock was highlighted in early March for itslikelihood of finding a bottom above the 100-day MAV line. However, theexpected rebound did not happen and the stock traded sideways instead. It isnow clear that the 200-day MAV line, just above the 1-month high of RM2.76, isweighing on the index while the 100-day MAV line, now at RM2.66, providessupport. Thus, look for the stock to move in the direction of a  breakout. An upward breakout could see it atRM3.20, a measured move based on  theDec-Jan rally. A downward breakdown will extend the 3-month correction, withstrong support expected at  theDecember-low of RM2.45, the violation of which may see the resumption of thedowntrend since April 2011.