QL  may  climb  further  after  closing  at  a  new  high.  The  bullish  trend may  continue  if  the  stock  maintains  above  MYR3.28  –  a  potential support  level.  The  immediate  target  price  is  at  the  psychological MYR3.50, followed by MYR3.70. Its inability to hold above MYR3.28 may  see  it  falling  back  to  the  consolidation  range  during  June.  A stop-loss can be applied on a close below the MYR3.18 support.

Notion’s  rebound,  which  breaches  the  100-day  MAV  and downtrend  line  on  high  volume  is  a  potentially  bullish  signal.  If  the momentum  continues,  the  target  price  is  MYR0.65,  followed  by MYR0.71. The bullish situation may weaken if the MYR0.58 support fails to hold. Further support may be found at MYR0.55, with a close below it trigerring a stop-loss.

After breaching the downtrend line, Hiap Teck may climb further to challenge the nearby MYR0.76 potential resistance. A breach would increase  its  bullish  state  and  the  target  price  is  set  at  MYR0.825 should  the  MYR0.78  level  be  broken.  Failure  to  breach  MYR0.76 may  see  it  falling  to  a  sideway  trend  with  support  anticipated  at MYR0.71. A stop-loss may be applied on a close below this support level

Borneo  Oil  may  climb  further  after  closing  at  its  highest  level  in more  than  three  months.  The  target  price  is  MYR0.75  should  the MYR0.72 resistance be broken. Failure to hold above the MYR0.675 support  may  increase  downside  risk.  Further  support  is  likely  to  be found  at  MYR0.64,  whereby  a  breach  on  closing  would  trigger  a stop-loss

SILK  may  appreciate  further  after  its  latest  white  candle  and  multi-year high. The target price is MYR1.15 should the MYR1.10 level be breached.  Failure  to  hold  above  MYR1.03  may  see  near-term weakness up to the MYR0.96 support, where a breach would trigger a stop-loss.

Borneo  Aqua’s downside risk increases  after  the  recent  52-week low.  Support  is  anticipated  at  MYR0.90,  followed  by  MYR0.80.  The stock  may  reverse  its  negative  sentiment  if  it  rebounds  above  the MYR1.00  resistance.  Stronger  upward  bias  may  only  return  if  the stock recovers above the following resistance at MYR1.05.

Source: RHB