Deleum’s  uptrend  may  continue  after  holding  above  the  100-day MAV line.  Traders  may buy if it  stays  above MYR4.40  today, with a close below MYR4.25  as a stop-loss.  Should the MYR4.60  resistance level be broken, the price target will be MYR4.80. However, a failure to  stay  above MYR4.40  will likely see  the stock  trading  lower,  and further support is at MYR4.15.

E&O  may  scale  higher  after  getting  back  above  the  200-day  MAV line.  Traders  may  opt  to  purchase  the  stock  if  it  stays  above MYR2.00  today,  with  a  close  below  MYR1.95  as  a  stop-loss.  The price  target  is  MYR2.30,  if  the  MYR2.20  resistance  is  broken. However, note that the stock could trend sideways if it fails to  stay above MYR2.00, while further support is at MYR1.85.

Malaysian  Bulk  may  climb  after  printing  a  new  52-week  high.  A position  can  be  initiated  if  it  stays  above  MYR2.00  today,  with  a close  below  MYR1.90  as  a  stop-loss.  The  price  target  is  MYR2.30, with  resistance  expected  at  MYR2.10.  A  failure  to  stay  above MYR2.00  may see the stock trading sideways,  while strong support is at MYR1.85.

Globetronics  may climb after  the latest white candle. A position can be  initiated  if  it  stays  above  MYR3.35  today,  with  a  close  below MYR3.30  as  a  stop-loss.  The  price  target  is  MYR3.80,  if  the resistance  at  MYR3.50  is  broken.  A  failure  to  stay  above  MYR3.35 may  see  the  stock  trading  sideways,  while  further  support  is  at MYR3.20.

Eduspec’s  rally  may  continue  after  printing  a  12-month  high. Traders may buy if it stays above MYR0.23 today, with a close below MYR0.215  as  a  stop-loss.  Should  the  MYR0.25  resistance  level  be broken,  the  price  target  will  be  MYR0.275.  However,  a  failure  to stay  above  MYR0.23  will  likely  see  the  stock  trading  lower,  while further support is at MYR0.20.

Pasdec  may  scale  higher  after  the  strong  move  yesterday.  Traders may opt to purchase the stock if it stays above MYR0.50 today, with a close below MYR0.485 as a stop-loss. The price target is MYR0.60, if the MYR0.55  resistance  is  broken. However, note that the  stock could  trend  lower  if  it  fails  to  stay  above  MYR0.50,  while  further support is at MYR0.45.

Jetson  may decline after forming  a  weak candle  yesterday. Traders may  opt  to  liquidate  if  the  stock  closes  below  MYR0.85,  with supports  anticipated  at  MYR0.80  and  MYR0.75.  A  failure  to  stay below  MYR0.85  may  reverse  the  sentiment,  and  the  upward  bias will only be taken seriously on a close above MYR0.90.

SAB’s  rally  may  continue  after  the  latest  white  candle.  A  position can be initiated if the stock stays above MYR4.00 today, with a close below  MYR3.90  as  a  stop-loss.  The  price  target  is  MYR4.60,  if  the resistance at MYR4.40 is violated.  A failure to hold above  MYR4.00 may  see  the  stock  trading  sideways,  while  strong  support  is  at MYR3.70.

Source: RHB