Carlsberg may scale higher after closing at an all-time high yesterday. A position can be initiated if it stays above MYR15.00, with a close below MYR14.60 as a stop-loss. The price target is MYR16.80, with resistance expected at MYR15.90. Failure to  stay above MYR15.00 will likely see the stock trade sideways,  with strong support seen at MYR14.00.

MBSB may move higher after closing above the psychological MYR3.00 for 2 days running. A purchase can be made  above MYR3.00, with a close below MYR2.87 as a stop-loss. The price target is MYR3.55, with resistance expected at MYR3.25. However, failure to  stay above MYR3.00 may see the stock drift  sideways, with strong support lying at MYR2.70.

MMC may continue higher after closing at its highest in more than 6 months. A position can be initiated if it stays above MYR2.75, with a close below MYR2.70 as a stop-loss. The price target is  the psychological MYR3.00, with selling expected at MYR2.85. Failure to stay  above MYR2.75 will see the stock move sideways, with  strong support seen at MYR2.55. 

Kossan’s rally may resume after it printed a new 52-week high. A purchase can be made if it stays above MYR4.00, with a close below MYR3.90 as a stop-loss. The price target is MYR4.50, with resistance at  MYR4.30. Failure to stay above MYR4.00  could lead to a correction and support can be found at MYR3.75 and MYR3.65.

Pestech may climb further after printing an all time high. A position can be initiated as long as the stock stays above MYR2.00, with a close below MYR1.90 as a stop-loss. The price target is MYR2.40, with resistance  expected at MYR2.20. Failure to stay above MYR2.00 could see the stock drift sideways and the  downside risk will increase on a close below MYR1.75.

CLIQ may advance after  yesterday’s firm move. A purchase can be made if the stock closes above MYR0.625, with a close below MYR0.60 as a stop-loss. The price target is MYR0.75, with resistance also at MYR0.70. Failure to get above MYR0.625 could see the stock trend sideways, with strong support at MYR0.57. 

Pantech may climb higher after printing a new 52-week high. A purchase can be made if it  closes above MYR0.80, with a close below MYR0.775 as a stop-loss. The price target is MYR0.95,  with resistance also expected at MYR0.88. Failure to get above MYR0.80 could will likely see the stock move sideways and supports are seen at MYR0.73 and MYR0.70.

Apollo’s rally is set to resume after posting a new 52-week high yesterday. A position can be initated if it stays above MYR4.00, with a close below MYR3.80 as a stop-loss. The price target is MYR4.50, if the  MYR4.30 resistance is broken. Failure to stay above MYR4.00 will likely see the stock trade sideways, with supports  lying  at MYR3.65 and MYR3.50.

Source: RHB