Journey to Wealth
TRADING STOCKS: PADINI, AIRASIA, TIGER, UNITED MALACCA, DSCSOL, KELADI
Padini may climb further if it can stay above above the RM1.75 support level. A purchase can be made at above RM1.81, with a close below RM1.75 as stop-loss. The price targets are the recent highs of RM2.05 and RM2.20. The stock may decline if it is unable to stay above RM1.81, with supports at RM1.60 and RM1.50.
AirAsia could rebound after closing at its highest in over a week. A position can be initiated if it stays above RM2.60, with a close below RM2.50 as a stop-loss. The price target is RM2.80, and if violated, the psychological RM3.00. Failure to stay above RM2.60 will likely see the stock lower, with strong support at RM2.35.
Tiger may rebound if it can stay above the RM0.30 support level. A purchase can be made if it stays above RM0.31, with a close below RM0.30 as a stop-loss. The price targets are RM0.36 and the recent high of RM0.42. Failure to stay above RM0.30 will likely see the stock trend lower, with strong support seen at RM0.285 and RM0.225.
United Malacca may rebound if it can stay above the RM7.00 support level. A purchase can be made if the stock closes above RM7.10, with a close below RM7.00 as stop-loss. The price targets are RM7.40 and RM7.65. Failure to get above RM7.10 could see the stock lower while supports are at RM6.65.
DSCSol rebound will continue if it can close above the RM0.20 resistance level. A purchase can be made if this happens, with a
close below RM0.15 as stop-loss. The price target is RM0.235 and if violated, RM0.28. A close below RM0.185 will likely see the stock trade sideways, with strong support anticipated at RM0.165.
close below RM0.15 as stop-loss. The price target is RM0.235 and if violated, RM0.28. A close below RM0.185 will likely see the stock trade sideways, with strong support anticipated at RM0.165.
Keladi should trade higher after closing at the highest in almost two years. A position can be initiated as long as the stock stays above RM0.205, with a close below RM0.20 as stop-loss. The price target is RM0.23 and the psychological RM0.25. Failure to stay above RM0.205 should see the stock trade sideways, with strong support at RM0.18.
Source: OSK
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