RHB Research

Trading Stocks - 3 June 2015 - GHL | Leon Fuat | MYEG | Perisai | LCTH | Century Logistics

kiasutrader
Publish date: Wed, 03 Jun 2015, 09:32 AM

GHL Systems  may trend higher after recovering above the MYR1.16level in its latest session.  Traders may buy as a bullish  bias could be present above this level, with a target price  of MYR1.25  followed by MYR1.40.  The  stock  may  pull  back  and  consolidate  further  if  it cannot  maintain  above  the  MYR1.16  mark.  In  this  case,  further support  is  anticipated  at  MYR1.09,  where  traders  can  exit  upon  a breach to avoid further correction.


Leon Fuat  may trend higher after  climbing above the MYR0.57 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. The stock may  consolidate further  if  it falls back below the MYR0.57   mark. In this case,  further support is anticipated at MYR0.53, where traders can exit upon a breach.

 

My  E.G  Services  may  rebound  further  after  recently  breaching  the downtrend line and 50-day MAV line to test the MYR2.70 resistance level.  Traders  may  buy  if  this  level  is  surpassed  in  the  near  term, with  a  target  price  of  MYR2.91,  followed  by  MYR3.07.  In  the meantime,  the  stock  may  consolidate  further  if  the  MYR2.70  level cannot be surpassed. In this scenario, further support may then be found at MYR2.48, where traders can exit upon a breach.

 


Perisai  Petroleum  Teknologi  may  experience  a  further  technical rebound  after  breaching  the  downtrend  line  in  its  latest  session. Traders may buy as a bullish  bias could be present  currently, with a target  price  of  MYR0.525, followed  by  MYR0.565.  The  stock  coulddrift sideways if it does not react to the bullish development . In this case,  further support is anticipated at  MYR0.43, where traders can exit upon a breach.

LCTH  Corporation rebounded to test the MYR0.475  resistance level in its latest session. Traders may buy if this level is surpassed in the near term, with a target price of MYR0.525, followed by MYR0.55 . In the meantime, the stock may consolidate further if the MYR0.475level  cannot  be  surpassed.  In  this  scenario,  further  suppo rt  may then be found at MYR0.43, where traders can exit upon a breach.

Century  Logistics  was  testing  the  MYR0.93  resistance  level  in  its latest session. Traders may buy if this level is surpassed in the near term, with a target price of MYR0.965, followed by MYR1.06 . In the meantime,  the  stock  may  consolidate  further  if  the  MYR0.93  level cannot be surpassed. In this  scenario, further support may then be found at MYR0.85, where traders can exit upon a breach.

Source: RHB Research - 3 Jun 2015

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supernova

mostly dropped and unchanged.

2015-06-04 13:44

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