Matrix  Concepts  may  trend  higher  after  surpassing  the  MYR2.53 level, albeit marginally.  Traders may buy as  a  bullish  bias could be present above this level, with a target price  of  MYR2.74. The  stock may take a breather if it cannot sustain above the MYR2.53 mark. In this case,  further support is anticipated at MYR2.38, where traders can exit upon a breach.

KUB  Malaysia  was  testing  the  MYR0.355  resistance  level  and  100-day  MAV  line  in  its latest  session.  Traders  may  buy  if  this  level  is breached  in  the  near  term,  with  a  target  price  of  MYR0.40. In  the meantime, the stock may consolidate further  if the MYR0.355  level cannot  be  breached.  Support  may  then  be  found  at  MYR0.315, where traders can exit upon a breach.

Oriented Media Group was testing the MYR0.415 resistance level in its  latest  session.  Traders  may  buy  if  this  level  is  breached  in  the near  term,  with  a  target  price  of  MYR0.45.  In  the  meantime,  thestock  may  face  a  correction  if  the  MYR0.415  level  cannot  be breached. Support may then be found at MYR0.355, where traders can exit upon a breach.

Berjaya Auto was testing the MYR2.33 resistance level and 100-day MAV  line  in  its  latest  session.  Traders  may  buy  if  this  level  is breached  in  the  near  term,  with  a  target  price  of  MYR2.64. In  the meantime,  the  stock  may  consolidate  further  if  the  MYR2.33  level cannot  be  breached.  Support  may  then  be  found  at  MYR2.06, where traders can exit upon a breach.

Sarawak Cable (SCABLE)  may trend higher after  climbing above the MYR1.54  level in its latest sesion. Traders may buy as a bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR1.73, followed  by  MYR1.88.  The  stock  may  drift  sideways  if  it  cannot sustain  above  the  MYR1.54  mark.  In  this  case,  further  support  is anticipated at MYR1.43, where traders can exit upon a breach.

Ni  Hsin  Resources  was  testing  the  MYR0.34  resistance  level  in  the latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.385.  In the meantime, the stock may  drift  sideways  if  the  MYR0.34  level  cannot  be  breached. Support  may  then  be  found  at  MYR0.30,  where  traders  can  exit upon a breach.

Source: RHB Research - 9 Nov 2015