Tanah Makmur may rebound further after closing above the MYR1.52 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.73.The stock may fall and consolidate further if it cannot sustain above the MYR1.52 mark. In this case, further support is anticipated at MYR1.43, where traders can exit upon a breach.
Only World Group Holdings (OWG) may continue to have a bullish bias so long as it sustains above the MYR2.25 level. The target price, as such, is set at MYR2.50, followed by MYR2.76. The stock may fall and consolidate if it cannot sustain above the MYR2.25 mark. In this case, further support is anticipated at MYR2.11, where traders can exit upon a breach to avoid potential further correction.
KKB Engineering may trend higher after climbing above theMYR1.73 level. Traders may buy as a bullish bias could be present
above this level, with a target price of MYR1.96. The stock may fall and drift sideways if it cannot hold above the MYR1.73 mark. In this case, further support is anticipated at MYR1.58, where traders can exit upon a breach.
Berjaya Auto may continue to have a bullish bias so long as it sustains above the MYR3.93 level. The target price, as such, is set at MYR4.36, followed by MYR4.65. The stock may fall and consolidate if it cannot sustain above the MYR3.64 mark. In this case, further support is anticipated at MYR3.50, where traders can exit upon a breach to avoid potential further corrections.
Hovid may experience further corrections after breaching the MYR0.495 level in the latest session, albeit marginally. Traders may expect further weakness if the stock maintains below this level in the near term, with the next support level anticipated at MYR0.47, followed by MYR0.445. The stock may move sideways if it recovers back above the MYR0.495 level, while the bullish bias may kick in ifthe MYR0.53 resistance level is surpassed.
Lii Hen Industries may experience further correction after breaching the uptrend line and the YR3.96 level. It has also inched below the 50-day MAV line, albeit marginally. Traders may expect further weakness if the stock maintains below this level in the near term, with the next support level anticipated at MYR3.50. The stock may move sideways if it recovers back above the MYR3.96 level, while the bullish bias may kick in significantly if the MYR4.18 resistance level is surpassed.
Source: RHB
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016