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