RHB Research

Trading Stocks - 23 September 2014 - Tecnic | IFCA MSC | Econpile | GHL | KNM | Managepay

kiasutrader
Publish date: Tue, 23 Sep 2014, 09:25 AM

Tecnic  may  trend  higher  after  breaching  the  MY4.03   level  on  its latest trade. Traders may buy if the stock holds above this level, as the  bullish  bias  is  likely  present.  The  target  price  is  MYR4.46, followed by MYR4.66. Failure to stay above the MYR4.03 level may see  the  stock  turn  sideways.  Further  support  may  be  found  at MYR3.84, where traders could exit upon a breach on closing .

IFCA MSC may rebound further after surpassing the MYR0.435 level. Traders  may  buy  –  as  a  bullish  bias  could  be  present  above  this level.  The target price is set at MYR0.52, followed by MYR0.59. The stock  may  pull  back  and  consolidate  further  if  it  cannot  sustain above the MYR0.435  level  in the immediate term.  Support may be found at MYR0.365, where  a breach on closing could trigger a stoploss.

 

Econpile  may climb higher  after  its latest jump above the MYR1.05 level. Traders may buy  as a bullish  bias could be present  now.  Thetarget price is set at MYR1.17, followed by MYR1.26 .  The stock  may turn  sideways  and  consolidate  if  it  falls  back  below  the  MYR1.05level.  Further  support  is  anticipated  at  MYR0.97,  where  traders could exit upon a breach.

 

GHL  may  trend  higher  after  closing  above  the  recent  high  of MYR1.15,  albeit  marginally.  A  bullish  bias  could  be  present  if  it sustains  firmly  above  this  level,  whereby  traders  may  buy.  The target price is set at MYR1.25, followed by MYR1.32. The stock may pull  back and  consolidate further  if it cannot hold above MYR1.15 . Support may be found at MYR1.03, where a breach on closing could trigger a stop-loss.

 

KNM may rebound further after  climbing above the MYR0.915 level and 100-day MAV line. Traders may buy if  this condition persists, as the  short-term  bullish  bias  is  likely  present.  The  target  price  is MYR1.03,  followed by MYR1.10 if the former is breached. Failure to stay above the MYR0.915  level  may see the stock correct further or drift  sideways.  Further  support  may  be  found  at  MYR0.83,  where traders could exit upon a breach on closing .

 

Managepay  may  experience  further  weakness  after  falling  below the  MYR00.22  level  and,  quite  recently,  the  200-day  MAV  line. Traders may exit their positions if the condition persists  in the near term.  Further  support  is  anticipated  at  MYR0.19,  followed  by MYR0.175.  The  stock  could  turn  sideways  or  rebound  further  if  itrecovers  above  the  MYR0.22  level.  The  bearish  bias  may  be neutralised if it rebounds above MYR0.26.

Source: RHB

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2 people like this. Showing 1 of 1 comments

nridz

mpay must buy..

2014-09-25 21:51

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