UEM Edgenta may climb further after surpassing the MYR3.61 level in its latest session to extend its multi-year high. Traders may buy as a bullish bias could be present above this level, with a target priceof MYR4.00, followed by MYR4.24. The stock may fall to take a breather if it cannot sustain above the MYR3.61 mark. In this case, further support is anticipated at MYR3.26, where traders can exit upon a breach to avoid any further correction.
Ajiya may trend higher after closing at MYR2.55 in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.82, assuming the MYR2.67 level can be surpassed. The stock may fall and consolidate further if it cannot sustain above the MYR2.55 mark. In this case, further support is anticipated at MYR2.40, where traders can exit upon a breach.
Handal Resources may rebound further after bouncing off the 50-day MAV line to close above the MYR0.35 level. Traders may buy as a bullish bias could be present above this level, with a target priceof MYR0.40, followed by MYR0.43. The stock may drift sideways if it cannot hold above the MYR0.35 mark. In this case, further support is anticipated at MYR0.33, where traders can exit upon a breach.
Lion Diversified may rebound further after recovering above the MYR0.115 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.15. The stock may fall and drift lower if it cannot hold abo ve the MYR0.115 mark. In this case, further support is anticipated at MYR0.10, where traders can exit upon a breach.
Peterlabs may experience further weakness after breaching the MYR0.25 level albeit marginally, while testing the 50-day MAV line as well. Traders may expect further weakness if the stock maintains below this level in the near term, with the next support level anticipated at MYR0.215. The stock may move sideways if it recovers back above the MYR0.25 level, while the bearish bias may be eliminated if the MYR0.27 resistance level is surpassed.
ES Ceramics Technology may experience further selling after forming a “Bearish Engulfing” pattern in its latest trade. Traders may expect further weakness if the stock falls below the MYR0.305 level in the immediate term, with the next support levels anticipated at MYR0.27, followed by MYR0.25. The stock may move sideways if it holds above the MYR0.305 level, while the bullish bias will likely return if the MYR0.33 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