RHB Research

Trading Stocks - 28 April 2015 - Heng Huat | TAFI | Sersol | Tasek | Signature | ES Ceramics

kiasutrader
Publish date: Tue, 28 Apr 2015, 09:25 AM

Heng Huat Resources Group  may climb further  after gaining above the MYR0.585 level in its latest session. Traders may buy as a bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.655, followed by MYR0.69. The stock may fall and consolidate further if  it cannot sustain above the MYR0.585  mark. In this case, further support  is anticipated at MYR0.555, where  traders can exit upon a breach.


TAFI Industries may climb further after gaining above the MYR0.47 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.565.  The stock may  fall  and  consolidate  further  if  it  cannot  sustain  above  the MYR0.47  mark.  In  this  case,  further  support  is  anticipated  at MYR0.445, where traders can exit upon a breach.

Sersol  may  experience  a  further  rebound  after  recovering  back above  the  MYR0.31  level,  albeit  marginally.  Traders  may  buy  as  a bullish bias could be present above this level, with a target price  of MYR0.365,  followed  by  MYR0.39.  The  stock  may  fall  and  drift sideways  if  it  cannot  hold  above  the  MYR0.31  mark.  In  this  case, further  support  is  anticipated  at  MYR0.27,  where  traders  can  exit upon a breach.


Tasek Corporation  may trend higher after surpassing the MYR16.50level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR18.00, followed by MYR19.20. The stock may  consolidate further  if  it cannot sustain above  the  MYR16.50  mark.  In  this  case,  further  support  is anticipated at MYR15.00, where traders can exit upon a breach.

Signature International was testing the MYR2.40 resistance level as it  hit  a new intraday high. Traders may buy if this level is surpassed in  the  near  term,  with  a  target  price  of  MYR2.62,  followed  by MYR2.75.  In the meantime, the stock may consolidate further if the MYR2.40  level  cannot  be  surpassed.  In  this  scenario,  further support  may  then  be  found  at  MYR2.17,  where  traders  can  exit upon a breach.

ES  Ceramics  Technology  was  testing  the  MYR0.30  support  level after breaching the uptrend line, which can be viewed as a bearish sign.  Traders  may  expect  further  weakness  if  the  stock  cannot sustain  above  the  MYR0.30  level  in  the  near  term,  with  the  next support  levels  anticipated  at  MYR0.27,  followed  by  MYR0.25.  The stock  may  move  sideways  if  the  MYR0.30  level  holds,  while  the bullish bias will likely return if the MYR0.33 level is surpassed.

Source: RHB

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