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
Chart | Stock Name | Last | Change | Volume |
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2024-08-31
CIMB2024-08-30
AWANTEC2024-08-30
AWANTEC2024-08-30
CATCHA2024-08-30
CIMB2024-08-30
CIMB2024-08-30
INARI2024-08-30
INARI2024-08-30
MAYBULK2024-08-30
PMETAL2024-08-30
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CIMB2024-08-29
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PMETAL2024-08-28
CIMB2024-08-28
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MAYBULK2024-08-27
CATCHA2024-08-27
INARI2024-08-27
INARI2024-08-27
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INARI2024-08-27
MAYBULK2024-08-26
CIMB2024-08-26
CIMB2024-08-26
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INARI2024-08-26
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MAYBULK2024-08-23
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MAYBULK2024-08-21
CIMB2024-08-21
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CIMB2024-08-20
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INARI2024-08-20
INARICreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
mamakpenang7
presbhd & cimb look attractive...any other opinion?
2013-06-06 23:44