RHB Research

Trading Stocks - 15 April 2014 - Plenitude | Amcorp | JCY | Tune | Vitrox | Majuperak | Hibiscus

kiasutrader
Publish date: Tue, 15 Apr 2014, 10:07 AM

Plenitude  may rally after the latest white candle. Traders  may buy if it  stays  above  MYR2.70  today,  with  a  close  below  MYR2.67  as  a stop-loss.  Should the  MYR2.80  resistance  level  be broken, the  price target will be MYR3.00. However, failure to stay above MYR2.70 will likely see the stock trading lower and further support is at MYR2.50.

 

Amcorp  may  climb  after  holding  above  the  100-day  MAV  line.Traders  may  opt  to  purchase  the  stock  if  it  stays  above  MYR0.95 today, 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  sideways  if  it  fails  to  stay  above  MYR0.90, while the downside risk will increase if the stop-loss is triggered.

Amcorp  may  climb  after  holding  above  the  100-day  MAV  line.Traders  may  opt  to  purchase  the  stock  if  it  stays  above  MYR0.95 today, 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  sideways  if  it  fails  to  stay  above  MYR0.90, while the downside risk will increase if the stop-loss is triggered.

 

Amcorp  may  climb  after  holding  above  the  100-day  MAV  line.Traders  may  opt  to  purchase  the  stock  if  it  stays  above  MYR0.95 today, 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  sideways  if  it  fails  to  stay  above  MYR0.90, while the downside risk will increase if the stop-loss is triggered.

 

Vitrox  may rise after holding above the 50-day MAV line.  If it  closes above  MYR1.56,  traders  may  opt  to  purchase  the  stock  -  with  a close below MYR1.50  as a stop-loss. The price target is MYR1.70, if the MYR1.60  resistance is broken. However,  the stock could trend sideways  if it fails to  get above MYR1.56,  while further support is at MYR1.40.

 

Majuperak  may  climb  after  gapping  above  the  100-day  MAV  line. Traders may buy if it stays above MYR0.50 today, with a close below MYR0.47  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 MYR0.42.

 

Hibiscus  may  decline  after  staying  below  the  200-day  MAV  line.  A position  can  be  liquidated  as  long  as  the  stock  stays  below MYR1.80,  while  support  levels  are  anticipated  at  MYR1.60  and MYR1.50. Failure to stay below MYR1.80 may reverse the weakness, while  the  upward bias can  only be taken seriously on  a close above MYR2.00.

 

 

Naim  may  rise  after  holding  above  the  200-day  MAV  line.  Traders could  purchase  the  stock  if  it  stays  above  MYR3.80  today,  with  a close  below  MYR3.65  as  a  stop-loss.  If  the  MYR4.00  resistance  is broken,  the  price  target  would  be  MYR4.30.  Note  that  the  stock could  trend  lower  if  it  fails  to  stay  above  MYR3.80,  while  further support is at MYR3.35.

Source: RHB

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sage

RHB must have monkeys for analysts, can even make such a basic mistake on
technical report JCY and Tune. Even have a sell call on JCY since Nov 2013 with target price .45 yet the stock is trading above .75 today.

2014-04-15 11:53

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