Press  Metal  may  still  rally  after  printing  a  new  52-week  high.  A position  can  be  initiated  if  it  stays  above  MYR2.30,  with  a  close below  MYR2.20  as  a  stop-loss.  The  price  target  is  MYR2.80,  with resistance expected at  MYR2.50. Failure to stay above MY2.30  will likely  see  the  stock  trade  sideways,  with  strong  support  seen  at MYR2.00.

CIMB may  rebound  if it reacts positively to  yesterday’s “Hammer”. A position can be initiated if the stock closes above MYR8.30, with a close  below  MYR8.20  as  a  stop-loss.  The  price  target  is  MYR8.65, with resistance seen at MYR8.50.  The stock may decline if the stoploss is triggered, with strong support lying at MYR8.00.

Inari  may  rebound  after  gaining  back  the  losses  of  Monday. Purchase  can  be  made  if  it  closes  above  MYR0.64,  with  a  close below   MYR0.615  as  a  stop  loss.  Price  target  is  the  recent  high  of MYR0.75, with resistance also expected at MYR0.70. Failure to get above  MYR0.64  could  see  the  stock  lower  and  downside  risk  will increase on a close below MYR0.60.

Malaysian Bulk may rebound after finding support above the 50-day MAV line. A position can be initiated if it stays above MYR1.70, with a close below MYR1.65 as a stop-loss. The price target is MYR1.95, if the MYR1.80 resistance is broken. The stock may decline if the stoploss  is  triggered,  with  supports  anticipated  at  MYR1.50  and MYR1.40.

Century Bond  chould continue higher after posting a new 52-week high.  A  purchase  can  be  made  if  it  stays  above  MYR1.70,  with  a close  below  MYR1.60  as  a  stop-loss.  The  price  target  is  the psychological  MYR2.00,  if  MYR1.85  resistance  level  is  broken. However, the stock may trade sideways  if the stop-loss is triggered, with strong support lying at MYR1.50.

Prestariang  may  scale  higher  after  a  firm  move  yesterday.  A purchase can be made if it stays above MYR1.80, with a close below MYR1.70  as  a  stop-loss.  The  price  target  is  MYR2.15,  if  the psychological MYR2.00 is broken. The stock may  decline should the stop-loss  be  triggered,  with  supports  seen  at  MYR1.60  and MYR1.50.

Catcha  may  rebound  after  the  firmer  move  yesterday.  A  purchase can be made if it stays above MYR0.60, with a close below MYR0.57as  a  stop-loss.  The  price  target  is  MYR0.80,  if  the  prior  high  of MYR0.70  is  broken.  However,  failure  to  stay  above  MYR0.60,  may see the stock trade lower. Support lies at MYR0.55 and MYR0.50.

Brite-Tech’s  rally  may climb further  after posting a 52-week high. A purchase can be made if it stays above MYR0.20, with a close below MYR0.19  as a stop-loss. The price target is MYR0.30,  if  it breaks  the MYR0.25 resistance level. The stock  may lose steam if  it triggers  the stop-loss, and subsequently finds support at MYR0.16 and MYR0.14.

Source: RHB