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
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016