London Biscuits may decline after the high volume trade last week failed to keep it higher. A position can be liquidated as long as the stock stays below RM0.65, with supports anticipated at RM0.60 and RM0.575. A close back above RM0.66, however, could lead to a rebound and strong resistance is seen at RM0.70.
Mah Sing's rebound may resume if the stock closes above the 3-month resistance of RM2.30. A purchase can be made if it stays above the level, with a close below RM2.28 as a stop-loss. The price target is RM2.70, if it violates the recent high of RM2.45, while failure to stay above RM2.30 could likely see the stock trade sideways. Support is anticipated at RM2.20, with a stronger one to be found at RM2.10.