Damansara Realty could trend higher after an apparent bullish breakout from a bullish “symmetrical triangle” pattern. Traders may buy, as the bullish bias is likely present. The target price is MYR1.78, followed by MYR1.96. The stock may retrace further if it is unable to hold above the MYR1.57 level. Further support may be found at MYR1.48, where traders could exit upon a breach on closing.
NTPM may climb further after breaking out of the downtrend line and climbing above the 100-day MAV line. A bullish bias may be present if the stock holds above the MYR0.805 level, whereby traders may buy. The target price is set at MYR0.90, followed by MYR0.97. It may resume its recent downtrend if it fails to stay above the MYR0.805 level. Further support may be found at MYR0.77, whereupon a breach on closing could trigger a stop-loss.
BP Plastics’ latest strong white candle that closed above the MYR0.905 level may be a bullish sign. Traders may buy if the stock stays above this level, where an upward bias is likely present. The target price is set at MYR1.10 if the MYR1.00 psychological level is breached. The stock may trend sideways if it falls below the MYR0.905 level. Further support may be found at MYR0.85, whereupon traders could exit on a breach.
Globetronics may climb further after its latest candle surpassed the MYR4.74 level. A bullish bias could be present if the stock holds above the this level, whereby traders may buy. The target price is set at MYR5.10, followed by MYR5.40. It may consolidate if it falls back below the MYR4.74 level. Support may be found at MYR4.57, whereupon a breach on closing could trigger a stop-loss.
Unisem is testing the MYR1.80 resistance level. A breach would likely be a bullish sign, whereby traders may buy. If successful, the target price is set at MYR1.95 followed by MYR2.12. It may resume its consoidation phase if it cannot sustain above the MYR1.80 level. Support may be found at MYR1.67, upon which traders could exit on a breach on closing.
Bertam’s risk of a correction may have increased after its latest candle that closed below the MYR1.05 level. Traders may exit theirpositions if the stock is unable to return above this level in the immediate term. Further support is anticipated at MYR0.96, followed by MYR0.89. The stock may eliminate the correction risk if it recovers above the MYR1.05 level. The bullish bias may return if the stock climbs above MYR1.12. Note that its longer term trend is likely still bullish.
Source: RHB
Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
funitec
thanks Govin. would be nice to see u more often on i3.
2014-08-15 20:57