Journey to Wealth

Daily Trading Stocks - Takaful | TH Heavy Eng | Scomi | Landmarks | Padini | PPB | KKB | Tong Herr

kiasutrader
Publish date: Wed, 05 Dec 2012, 09:42 AM

Takaful  may  climb  higher  after  closing  at  its  highest  in  a  month.  A purchase can be made above RM5.32, with a close below RM5.20 as a  stop-loss.  The  price  target  is  at  RM7.00,  if  the  recent  high  of RM6.60  is  broken.  The  stock  may  trade  sideways  if  it  stays  above RM5.32, with further supports expected at RM5.00 and RM4.65. 

THHeavy's  rally  may  resume  after  the  firm  close  yesterday.  A purchase can be made if the stock stays above RM0.50, with a close below  RM0.49  as  a  stop-loss.  The  price  targets  are  at  RM0.55  and the  recent  high  of  RM0.60.  Failure  to  stay  above  RM0.50  likely  see the stock lower, with supports expected at RM0.45 and RM0.42.

Scomis's rally may resume if it closes above two-day high of RM0.36. A purchase can be made if if it happens, with a close below RM0.34 as a stop-loss. The price target prior highs of RM0.40 and RM0.45. A failure  to  get  above  RM0.36  should  see  the  stock  trending  lower, with strong support at RM0.30. 
Landmarks  may  rebound  if  it  can  find  support  above  the  200-day MAV line. A purchase can be made on a close above RM1.00, with a close  below  last  week's low of RM0.98  as  a  stop-loss.  The  price target is at the 2012 high of RM1.25, if RM1.10 is broken. A failure to  break  above  RM1.00  will  see  the  stock  trade  lower,  with supports anticipated at RM0.90 and RM0.85. 

Buying  may  have  made  a  return  in  Padini  after  yesterday's  'Long White Day'.  A  purchase  can  be  made  above  RM1.80,  with  a  close below RM1.70 as a stop-loss. The price target is at the prior high of RM2.20,  if  RM2.00  is  violated.  A  close  below  RM1.70  likely  see  the stock go lower, with strong supports at RM1.55.

PPB  may  fall  further  after  closing  below  RM12.00  four-month support. Liquidation can be made as long as it stays below this level and  supports  are  expected  at  RM11.30  and  RM10.70.  Buying support  could  make  a  return  if  the  stock  closes  back  above RM12.00  but  the  negative  bias  is  only  nullified  if  the  RM14.00 resistance is broken.

KKB  may  fall  if  it  closes  below  the  seven-month  support  level  of RM1.45.  Liquidation  can  be  made  if  it  happens  and  supports  are expected at the  prior lows of RM1.35 and RM1.15. A failure to  stay below  RM1.45  could  see  buyers  taking  over  and  resistance  can  be seen at RM1.53 and RM1.65.

Tong  Herr  may  decline  further  after  printing  another  52-week  low.A  position  can  be  exited  as  long  as  it  stays  below  RM1.80  and supports  are  anticipated  at  RM1.65  and  RM1.55.  A  close  backabove RM1.80 could see a return of buying  support  and resistanceis expected at RM1.90 and RM2.00. 
Source: OSK
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