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