RHB Research

Trading Stocks - 15 August 2014 - Damansara Realty | NTPM | BPPLAS | GTRONIC | Unisem | Bertam

kiasutrader
Publish date: Fri, 15 Aug 2014, 10:47 AM
 

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

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funitec

thanks Govin. would be nice to see u more often on i3.

2014-08-15 20:57

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