RHB Research

Trading Stocks - 5 June 2015 - SCC | Yee Lee | Uchi | Sunzen | Carimin | Sersol

kiasutrader
Publish date: Fri, 05 Jun 2015, 09:21 AM

SCC Holdings  may trend higher  after recovering above the MYR2.50 level  in its latest session.  Traders may buy as  a  bullish  bias could be present above this level,  with a target price  of MYR2.94. The stock may consolidate further  if  it falls back below the MYR2.50 mark. In this case,  further support is anticipated at MYR2.25, where traders can exit upon a breach to avoid a further correction.


Yee Lee Corporation  may  rebound further  after  climbing above the50-day MAV line and the  MYR1.91  level in its latest session.  Traders may buy as a bullish  bias could be present above this level, with a target  price  of  MYR2.13.  The  stock  may  drift  sideways  if  it  cannot sustain  above  the  MYR1.91  mark.  In  this  case,  further  support  is anticipated at MYR1.78, where traders can exit upon a breach.

Uchi  Technologies  may  trend  higher  after  surpassing  the  MYR1.64level  albeit  marginally  to  extend  its  multi-year  high.  Traders  may buy as a bullish  bias could be present above this level, with a target price  of  MYR1.75,  followed  by  MYR1.87.  The  stock  may  fall  and consolidate  if  it cannot hold above  the MYR1.64  mark. In this case, further  support  is  anticipated  at  MYR1.54,  where  traders  can  exit upon a breach to avoid a further correction.

Sunzen Biotech  may trend higher after breaching  the MYR0.40 levelto hit a new high. Traders may buy as a bullish bias could be present above  this  level,  with  a  target  price  of  MYR0.455,  followed  by MYR0.50.  The  stock  may  take  a  breather  if  it  falls  back  below  the MYR0.40  mark.  In  this  case,  further  support  is  anticipated  at MYR0.375, where traders can exit upon a breach.

Carimin  Petroleum  may  rebound  further  after  breaching  thedowntrend line and MYR1.00  level in its latest session.  Traders maybuy if the stock holds above this level in the near term, with a target price  of  MYR1.09,  followed  by  MYR1.18.  The  stock  may  fall  and consolidate  further  if  it  cannot  hold  above  the  MYR1.00   mark.  In this case,  further support is anticipated at MYR0.95, where traders can exit upon a breach.


Sersol  was  testing  the  MYR0.31  resistance  level  after  briefly recovering above the 50-da  MAV line. Traders may buy if this level is surpassed in the near term, with a target price of MYR0.3 5. In the meantime,  the  stock  may  trade  sideways  further  if  the  MYR0.31level  cannot  be  surpassed.  In  this  scenario,  further  suppo rt  may then be found at MYR0.28, where traders can exit upon a breach.

Source: RHB Research - 5 Jun 2015

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