Supermax  could  rebound  after  its  firmer  move  yesterday.  A purchase  can  be  made  if  stock  stays  above  MYR2.10  today,  ith  a close below MYR2.06 as  a stop-loss. The price target is MYR2.30, if the  resistance  at  MYR2.20  is  broken.  A  failure  to  stay  above MYR2.10  will  likely  see  the  stock  lower  and  further  support  is  at MYR2.00.    

Top  Glove  may  climb  higher  after  getting  back  above  the psychological MYR6.00 level. A position can be initiated if the stock stays above MYR6.00 today, with a close below MYR5.90 as a stop-loss.  The  price  target  is  MYR6.60,  if  the  resistance  at  MYR6.40  is broken.  A  failure  to  stay  above  MYR6.00,  however,  will  likely  see the stock trade lower and downside risk will increase if the stop-loss is triggered.

TH Heavy may rise after forming the “Bullish Engulfing Pattern” yesterday.  A  purchase  can  be  made  if  the  stock  stays  above MYR0.85  today,  with  a  close  below  MYR0.80  as  a  stop-loss.  The price  target  is  MYR0.95,  with  resistance  expected  at  MYR0.90.  A failure  to  stay  above  MYR0.85  could  see  the  stock  trade  sideways and the downside risk will increase if the stop-loss is triggered.  

Perak  Corp  may  climb  higher  after  posting  a  new  52-week  high.  A position  can  be  initiated  if  the  stock  closes  above  MYR3.00,  with  a close below MYR2.85 as a stop-loss. The price target is MYR3.30, if the  resistance  at  MYR3.15  is  broken.  A  ailure  to  get  above MYR3.00,  however,  will  likely  see  the  stock  trade  sideways  and further support is at MYR2.70.

Texchem  may  climb  higher  after  posting  a  new  52-week  high.  A position  can  be  initiated  if  the  stock  stays  above  MYR0.825,  with  a close  below  MYR0.80  as  a  stop-loss.  The  price  target  is  the psychological MYR1.00 mark, if the resistance at MYR0.90 is broken. A failure to stay above MYR0.825, however, will likely see the stock trade sideways and further support is at MYR0.76.  

Stone  may  rally  further  after  closing  its  highest  in  more  than  two weeks.  A  purchase  can  be  made  if  the  stock  stays  above  MYR0.70 today, with a close below MYR0.67 as a stop-loss. The price target is MYR0.85,  with  resistance  expected  at  MYR0.80.  A  failure  to  stay above  MYR0.70  will  likely  see  stock  trade  sideways  and  downside risk will increase if the stop-loss is triggered.

Prolexus may fall further after falling below the 50-day MAV line. A liquidation  can  be  made  if  the  stock  closes  below  MYR1.90,  with supports  anticipated  at  MYR1.80  and  MYR1.70.  A  failure  to  get below  MYR1.90  could  get  the  buyers  excited,  but  the  rebound  will only get going on close above MYR2.05.  

Dayang’s downside risk has increased after its weak close yesterday. A  position  can  be  liquidated  if  it  closes  below  MYR4.70,  and supports  are  anticipated  at  MYR4.50  and  MYR4.35.  A  failure  to  get below  MYR4.70  could  see  the  stock  trade  sideways  and  expect strong resistance at the psychological MYR5.00 level.

Source: RHB