Evergreen  Fiberboard  may  trend  higher  after  climbing  above  the MYR1.25  level  dpite a slight pullback.  Traders may buy as  a  bullishbias  could  be  present  above  this  level,  with  a  target  price  of MYR1.42, followed by MYR1.50. The stock may take a breather if it falls back below the MYR1.25  mark. In this case,  further support is anticipated  at  MYR1.14,  where  traders  an  exit  upon  a  breach  to avoid  a  further  correction.  Meanwhile,  we  also  spotted  a  bearish “Dark  Cloud  Cover”  candle  pattern  after  the  latest  session.  Still, further confirmation is needed to ascertain the potential reversal.

Tek  Seng  may  rebound  further  after  recovering  above  the  50-day MAV  line  and  MYR0.55  level.  Traders  may  buy,  as  a  bullish  bias could be present above this level, with a target price  of MYR0.625, followed by MYR0.685. The stock may drift lower if it cannot sustain above the MYR0.55 mark. In this case, further support is anticipated at MYR0.495, where traders can exit upon a breach.

NCB Holdings may climb  further after surpassing the  MYR2.95  levelin  its  latest  session.  Traders  may  buy  as  a  bullish  bias  could  be present  above  this  level,  with  a  target  price  of  MYR3.20, followed by  MYR3.40.  The  stock  may  consolidate  further  if  it  cannot  hold above the MYR2.95 mark. In this case, further support is anticipated at MYR2.75, where traders can exit upon a breach.

Ni  Hsin  Resources  was  testing  the  50-day  MAV  line  and  MYR0.29resistance level in its latest session. Traders may buy if  this level is surpassed  in  the  near  term  in  anticipation  of  a  further  technical rebound,  with  a  target  price  of  MYR0.335.  In  the  meantime,  the stock may drift sideways if the MYR0.29  level cannot be surpassed. In  this  scenario,  further  support  may  then  be  found  at  MYR0.26, where traders can exit upon a breach.

Frontken  Corporation  was  testing  the  50-day  MAV  line  and  the MYR0.25  support  level  in  its  latest  session.  Traders  may  expect further weakness if  this level  is violated  in the near term, with  the next  support  level  anticipated  at  MYR0.215.  Meanwhile,  the  stock may  trend  sideways  if  it  holds  above  the  MYR0.25 level,  while  the bearish bias may be eliminated if the MYR0.275 level is surpassed.

IFCA MSC may experience  a  further correction after crossing below the 100-day MAV line to close below MYR1.37.  Traders may expect further  weakness  if  the  stock  stays  below  this  level  in  the immediate term, with  the  next support anticipated at MYR1.21 and MYR1.15.  Meanwhile,  the  stock  may  trend  sideways  if  it  recovers back above the MYR1.37 level, while the bullish bias may kick  in if the MYR1.55 level is surpassed

Source: RHB Research - 10 Jun 2015