PPB may rebound after staying above the RM12.00 support level. A purchase can be made if the stock closes above RM12.40, with a close below RM12.00 as a stop-loss. The price target is at RM14.00, if the recent high of RM13.20 is broken. Failure to get above RM12.40 could see the stock slip, with supports anticipated at RM11.60 and RM11.20.
KPJ may rebound after closing at its highest in over three weeks. Traders may opt to purchase the stock it closes above RM5.80, with a close below RM5.60 as a stop-loss. The price target is at the 2012 high of RM6.40, if the psychological RM6.00 is broken. The stock may decline if it fails to get above RM5.80 and the downside risk may increase on a close below RM5.50.
Atrium REIT should climb higher after posting an all-time high. A purchase can be made on a close above RM1.30, with a close below RM1.26 as a stop-loss. The price targets are at RM1.37 and RM1.44. Failure to get above RM1.30 will likely see the stock trend sideways, with strong support seen at RM1.20.
Latitud may climb higher after printing a new 52-week high. A purchase can be made if it stays above RM0.80, with a close below RM0.765 as a stop-loss. The price targets are the prior high of RM0.90 and the psychological RM1.00. A close below RM0.765 should see the stock trade sideways, with supports seen at RM0.715 and RM0.675.
Benalec may decline after below the 200-day MAV line last Friday. A trader can liquidate as long as the stock stays below RM1.25 and supports are anticipated at RM1.15 and RM1.10. Buying may take over if the stock closes back above RM1.27, but expect strong resistance at RM1.37.
Calrsberg may fall further as if it stays below the 200-day MAV line. A trader can liquidate as long as the stock stays below RM12.10, while supports are anticipated at RM11.30 and RM10.90. Buying could return quickly if the stock closes back above RM12.10, but expect strong resistance at RM12.50 and RM12.70.
Tebrau should climb higher after geting above the RM0.90 resistance level line. A purchase can be made if it stays above RM0.90, with a close below the same level as a stop-loss. The price target is the prior low of RM1.10, if the psychological RM1.00 is broken. The stock may decline if it fails to stay above RM0.90, while supports are anticipated at RM0.80 and RM0.77.
Bursa may rally after holding above the 100-day MAV line. Traders may opt to purchase if the stock stays above RM6.50, with a close below RM6.30 as a stop-loss. The price target is at RM7.00, if the stock pushes through the RM6.70 resistance level. The stock may trade lower if it fails to stay above RM6.50, while supports are at RM6.15 and RM6.00.
Source:
OSK