RHB Research

Trading Stocks - 19 January 2015 - OCK | Benalec | Connect | ES Ceramics | Multi Sports | Padini

kiasutrader
Publish date: Mon, 19 Jan 2015, 09:28 AM

OCK may resume its recovery after climbing above the 50-day MAV line  and  MYR0.84  level  in  the  latest  session.  Traders  may  buy  as  a bullish bias could be present above this level, with a target  price of MYR0.92, followed by MYR0.99. The stock may consolidate if it falls below  the  MYR0.84  level.  In  this  scenario,  further  support  is anticipated at MYR0.79, where traders can exit upon a breach.

 

Benalec  may  rebound  further  after  breaching  the  MYR0.665  level and downtrend line, albeit marginally. Traders may buy as a bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.735, followed by MYR0.785. The stock may drift sideways if it falls  back  firmly  below  the  MYR0.665  mark.  In  this  case,  further support  is  anticipated  at  MYR0.62,  where  traders  can  exit  upon  a breach.

 

ConnectCounty  may  climb  further  after  breaching  the  MYR0.185 level in the latest session. Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR0.23.  The  stock may  pull  back  and  consolidate  further  if  it  cannot  hold  above  the MYR0.185  level,  while  further  support  is  anticipated  at  MYR0.165, where a breach on closing could trigger a stop-loss.

 

ES  Ceramics  may  trend  higher  after  inching  above  the  MYR0.215 level  in  the  latest  session,  albeit  marginally.  Traders  may  buy  as  a bullish bias could be present above this level, with a target price of MYR0.255.  The  stock  may  retrace  and  consolidate  further  if  it cannot  sustain  above  the  MYR0.215  level,  with  further  support anticipated  at  MYR0.19,  where  a  breach  on  closing  could  trigger  a stop-loss.

 

Multi  Sports  climbed  above  the  MYR0.125  level  and  50-day  MAV line  on  its  latest  trade  with  high  volumes.  Traders  may  buy  as  a bullish bias could be present above this level, with a target price of MYR0.155, followed  by  MYR0.17.  The  stock  may  drift  sideways  if  it falls back below the MYR0.125 mark. In this case, further support is anticipated at MYR0.105, where traders can exit upon a breach.

 

Padini  made  a  multi-year  low  on  its  latest  trade  as  it  recently breached  the  MYR1.40  level.  Traders  may  expect  further  weakness if  it  stays  below  this  level,  with  the  next  support  levels  anticipated at  MYR1.27  and  MYR1.12.  The  stock  may  trade  sideways  or rebound further if it recovers firmly above the MYR1.40 in the near term.  The  bearish  bias  may  be  eliminated  if  the  stock  recovers above MYR1.60.

Source: RHB

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AyamTua

ESCERAM.................. gogogo

2015-01-19 09:44

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