SPB’s  uptrend  may  continue  after  printing  a  new  52-week  high. Traders may buy if it stays above MYR5.00 today, with a close below MYR4.90  as  a  stop-loss.  Should  the  MYR5.30  resistance  level  be broken, the price target will be MYR5.50. However, a failure to stay above  MYR5.00  will  likely  see  the  stock  trading  sideways,  while support is at MYR4.70.

TH  Heavy  may  scale  higher  after  holding  above  the  50-day  MAV line.  Traders  may  opt  to  purchase  the  stock  if  it  closes  above MYR0.95,  with  a  close  below  MYR0.90  as  a  stop-loss.  The  price target  is  MYR1.10  if  the  MYR1.00  resistance  is  broken.  However, note  that  the  stock  could  trend  lower  if  it  fails  to  get  above MYR0.95,  while  downside  risk  will  increase  if  the  stop-loss  is triggered.

Sona  may  climb  after  the latest “Bullish Engulfing Pattern”.  A position  can  be  initiated  if  it  stays  above  MYR0.52  today,  with  a close  below  MYR0.50  as  a  stop-loss.  The  price  target  is  MYR0.60, with  resistance  expected  at  MYR0.55.  Failure  to  stay  above MYR0.52  may  see  the  stock  trading  lower,  while  further  support  is at MYR0.45.

SEG may scale higher after closing  at its  highest  price in more than three  months.  Traders  may  opt  to  purchase  the  stock  if  it  stays above MYR1.55 today, with a close below MYR1.50 as a stop-loss. If the  MYR1.60  resistance  is  broken,  the  price  target  would  be  at MR1.70. However, note that the stock could trend lower if it fails to stay  above  MYR1.55,  while  downside  risk  will  increase  if  the  stop-loss is triggered.

KNM may rebound after the latest white candle. Traders may opt to purchase  the  stock  if  it  stays  above  MYR0.65  today,  with  a  close below  MYR0.635  as  a  stop-loss.  The  price  target  is  MYR0.75,  if  the MYR0.70  resistance  is  broken.  However,  note  that  the  stock  could trend  lower  if  it  fails  to  stay  above  MYR0.65,  while  downside  risk will increase if the stop-loss is triggered.

SILK  may  scale  higher  after  the  latest “Long White Day”.  Traders may opt to purchase the stock if it stays above MYR0.60 today, with a  close  below  MYR0.55  as  a  stop-loss.  If  the  MYR0.65  resistance  is broken,  the  price  target  would  be  MYR0.70.  Note  that  the  stock could  trend  lower  if  it  fails  to  stay  above  MYR0.60,  and  downside risk will increase if the stop-loss is triggered.

Iris may climb after closing at the highest price in more than a week. Traders  may  opt  to  purchase  the  stock  if  it  stays  above  MYR0.55 today, with a close below MYR0.525 as a stop-loss. The price target is MYR0.65 if the MYR0.60 resistance is broken. However, note that the  stock  could  trend  lower  if  it  fails  to  stay  above  MYR0.55, while further support is at MYR0.50.

Sunway  may  decline  after  getting  below  the  200-day  MAV  line. Traders may opt to liquidate if the stock stays below MYR2.90, with supports  anticipated  at  MYR2.70  and  MYR2.55.  A  failure  to  stay below MYR2.90 may reverse the sentiment, while the prior rebound will resume on a close above MYR3.00.

Source: RHB