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Daily Trading Stocks

kiasutrader
Publish date: Fri, 28 Sep 2012, 05:43 PM

AirAsia may rebound after holding above the recent support of RM2.80. A purchase can be made on a close above yesterday's high of RM2.95, with a close below RM2.80 as a stop-loss. The price targets remains at RM3.45 and RM3.65. The stock will likely decline if the support level fails to hold, with further supports expected at RM2.70 and RM2.35.

IJM may reverse the recent plunge after recouping all of Wednesday's losses. A purchase can be made on a close above RM4.75, or if possible, towards the stop-loss of RM4.50. The price targets are the gap of RM5.05 and the strong resistance of RM5.25. A close below RM4.50 should see the stock lower with support at RM4.20.
Maxis may rebound after holding above the 50-day MAV line. A position can be initiated on a close above RM6.86, with a close below last week's low of RM6.70 as a stop-loss. The price target is RM7.50, should the recent high of RM7.10 be broken. A close below RM6.70 should see the stock lower and support is at RM6.30.
Boilermech may rally if the stock closes above the prior high of RM0.87. A position can be initiated if it happens, with a close below the four-week low of RM0.82 as a stop-loss. The price target is RM1.00, if the recent high of RM0.90 is broken. The stock may trade lower if it closes below RM0.82, while strong support should come at RM0.78.
IJM Land may rebound after holding above the psychological RM2.00 support level. A purchase can be made on a close above the three-day high of RM2.12. The price targets are RM2.35 and RM2.45. A break below RM2.00 should see the stock lower and support is seen at RM1.90.
My EG may resume its uptrend if it stays above the 50-day MAV line. A purchase can be made on a close above yesterday's high RM0.765, with a close below the recent low of RM0.74 as a stop-loss. The price target is RM0.94, provided the recent high of RM0.87 is broken. A close below RM0.74 should see the stock lower with support at RM0.70.
Menang may climb higher after closing the highest in 1'' year. A position can be initiated above RM0.30, with a close below yesterday's low of RM0.27 as a stop-loss. The price targets are prior highs of RM0.35 and RM0.40. The stock likely trade sideways if the stop-loss is triggered, with strong support expected at RM0.23.
Ingens may rebound after selling eased in the past three days. A purchase can be made on a close above yesterday's high of RM0.105, with a close below RM0.09 as a stop-loss. Price targets are RM0.135 and RM0.16. A close below RM0.09 should see the stock lower and support is at RM0.075.
Source: OSK
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