SapuraKencana may still rally even after hitting a new 52-week high. A position can be initiated if it stays above MYR4.00, with a close below MYR3.90 as stop-loss. The price target is MYR4.60, with resistance expected at MYR4.40. Failure to stay above MY4.00 will likely see the stock trade lower, with supports found at MYR3.75 and MYR3.50.
Favco looks set to resume its rally after touching a new 52-week high yesterday. A position can be initated if the stock stays above MYR2.50, with a close below MYR2.40 as stop-loss. The price target is MYR2.95, with resistance seen at MYR2.70. The stock may drift sideways if the stop-loss is triggered, with supports found at MYR2.30 and MYR2.20.
HSL’s rally may resume after it responded positively to 27 May’s “Hammer”. A position can be initiated as long as the stock stays above MYR2.00, with a close below MYR1.95 as stop-loss. The price target is MYR2.40, with resistance expected at MYR2.20. Failure to stay above MYR2.00 will likely see the stock decline and find strong support at MYR1.85.
FACB’s uptrend is poised to resume after it closed yesterday at the highest in more than a year. A position can be initated if it stays above MYR1.30, with a close below MYR1.25 as stop-loss. The price target is MYR1.60, with resistance seen at MYR1.50. The stock may drift sideways if the stop-loss is triggered, with supports anticipated at MYR1.10 and MYR1.00.
Perisai may march higher after neutralising the negative bias of 23 May’s “Long Black Day”. A purchase can be made if teh stock stays above MYR1.60, with a close below MYR1.50 as stop-loss. The price target is MYR1.90, with resistance anticipated at MYR1.80. however, the stock may decline if the stop-loss is triggered, with stong support lying at MYR1.35
Muhibbah may continue higher after a firm move yesterday. A purchase can be made if the stock closes above MYR1.45, with a close below MYR1.40 as stop-loss. The price target is MYR1.65, if it breaks the psychological MYR1.50 level. The stock may trend sideways should the stop-loss be triggered, with strong support seen at MYR1.30.
Media Prima may scale higher after posting a 12-month high yesterday. A purchase can be made if it stays above MYR3.00, with a close below MYR2.85 as stop-loss. The price target is MYR3.50, with resistance seen at MYR3.25. However, failure to stay above MYR3.00 may see the stock drift sideways. Strong support lies at MYR2.60.
YTL Land’s rally may continue after the stock responded positively to 27 May’s “Long White Day”. A purchase can be made if it stays above MYR1.25, with a close below MYR1.20 as stop-loss. The price target is MYR1.45, if it breaks the recent high of MYR1.30. The stock may lose steam if it triggers the stop-loss, and subsequently find strong supports at MYR1.10 and MYR1.00.
Source: RHB
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
asha62
good comments
2013-05-29 15:16