TIME  dotCom  may  rebound  after  the  strong  move  yesterday.  A position  can  be  initiated  if  it  stays  above  MYR3.35,  with  a  close below MYR3.25 as a stop-loss. The price target is the psychological MYR4.00,  if  resistance  expected  at  MYR3.70  is  broken.  Failure  to stay  above  MYR3.35  will  likely  see  the  stock  trading  lower  and  the downside risk will increase if the stop-loss is triggered.

The  SapuraKencana  rally  is  likely  to  resume  after  reversing  the decline of 13 June. Purchase can be made if the stock  closes above MYR4.15,  with  a  close  below  MYR4.00  as  stop-loss.  Price  target  is MYR4.50,  with  resistance  also  expected  at  MYR4.35.  Failure  to  get above  MYR4.15  should  see  the  stock  trade  lower,  with  strong support at MYR3.75.

IJM Land may scale higher after  forming a full-bodied white candle yesterday. A purchase can be made if it stays above MYR2.80, with a close below MYR2.75 as a stop-loss. The price target is MYR3.20, if the  psychological  MYR3.00  is  broken.  The  stock  may  trade  lower should  the  stop-loss  be  triggered,  with  strong  support  seen  at MYR2.65.

Perisai could rise after the stock  engulfed the prior two full-bodied black  candles.  A  purchase  can  be  made  if  the  stock  closes  above MYR1.65,  with  a  close  below  MYR1.55  as  a  stop-loss.  The  price target  is  MYR1.95,  if  resistance  expected  at  MYR1.80  is  broken. Failure  to  get  above  MYR1.65  will  likely  see  the  stock  trade sideways,  and  downside  risk  will  increase  if  the  stop-loss  is triggered. 

Salcon may rebound after holding at the round figure of MYR0.60. A purchase  can  be  made  if  it  closes  above  MYR0.60,  with  a  close below  MYR0.58  as  a  stop-loss.  The  price  target  is  MYR0.685,  with resistance  also  expected  at  MYR0.64.  The  stock  may  trade  lower should  the  stop-loss  be  triggered,  with  strong  support  seen  at MYR0.55.

MEGB may fall further after printing a new 52-week low yesterday. Liquidation  can  be  undertaken  as  long  as  the  stock  stays  below MYR0.54,  with  supports  expected  at  the  psychological  MYR0.50 level and, if broken, MYR0.475. The stock could rebound if it closes back  above  MYR0.54.  Look  for  it  to  test  strong  resistance  at MYR0.57.   

Perdana  may  scale  higher  if  it  can  close  back  above  MYR1.80.  A purchase  can  be  made  if  it  closes  above  MYR1.85,  with  a  close below  MYR1.77  as  a  stop-loss.  The  price  target  is  MYR2.15,  if  the psychological MYR2.00 is broken. The stock may trade lower should the stop-loss be triggered, with strong support seen at MYR1.70.

TDM should rise after closing its highest in more than three weeks. A  purchase  can  be  made  if  the  stock  stays  above  MYR4.10,  with  a close below MYR4.07 as a stop-loss. The price target is MYR4.60, if the  resistance  lying  at  MYR4.30  is  broken.  Failure  to  stay  above MYR4.07  will  likely  see  the  stock  trade  sideways,  while  the downside risk will increase on a close below MYR3.90.

Source: RHB