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