JCY may  trade  higher if it breaks above the resistancelevel. The stock has moved favourably after it was highlighted about a month ago.As expected, it met with resistance at RM1.40, the level that it failed tobreak convincingly in early February. Sellers initially had the upper handearly last week, where a 'Bearish Engulfing' candle was formed last Tuesday.But buying interest returned and pushed it right to the RM1.40 level on Friday.A close above this level today will likely nullify the negative bias of the'Bearish Engulfing' candle and  see  the stock trading higher.  Positions can be initiated if  this happens with a stop loss on close belowlast week's low of RM1.30. The target is the early-January high of RM1.50 and astrong move could see the test of RM1.60, the high of June 2010.  However, a failure to break above RM1.40could see the return of selling, with a close below RM1.30 as the confirmation.Strong support is at RM1.07, where a violation may signal the end of the rally.Look for further support at RM0.94 and RM0.80, the Fibonacci retracements ofthe Oct 2011-Jan 2011 rally.

Astral may trade higher if it breaks the long-termresistance level. The stock is on a uptrend since Aug 2011, as evidenced from the series of higher lows.  Nonetheless, it spent the last 1'' months consolidatingthe gains. The consolidation is now over on the back of the continuation of theupward movement, after 4 days of higher closes. It even closed right at the3-year resistance level of RM0.27, highlighting the strength of the upwardbias. A breakout could be in the offing as the price strength was accompanied  by  steady volumes, suggesting firm buyinginterest. Thus,  the  upward continuation is expected  on a  close above RM0.28  and purchases can be made if this happenswith a close below last Friday's low of RM0.265 as a stop loss.  A conservative trade may choose the 3-day lowof RM0.245 as a stop instead. The price target is the early 2009-high ofRM0.365 and a strong move may even see the test of RM0.43 ' the  support level of 2007/2008 and also the measured move based on the 3-yearconsolidation. The trade may not work out should  the price close below RM0.245 and if thishappens, it would take a while before a test of RM0.28 could take place again.

Source: OSK188