RHB Research

Trading Stocks - 12 June 2015 - Oceancash | Hovid | E.A. | Super Enterprise | MNRB | Vsolar

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Publish date: Fri, 12 Jun 2015, 09:25 AM

 

Oceancash  Pacific  may  trend  higher  after  climbing  above  the MYR0.40  level  in  its  latest  session,  albeit  marginally.  Traders  may buy as a bullish  bias could be present above this level, with a target price  of MYR0.445. The stock may consolidate further if it dips back below the MYR0.40 mark. In this case, further support is anticipated at MYR0.36, where traders can exit upon a breach.


Hovid  may  climb  further  after  a  potential  breakout  from  the “Symetrical Triangle” pattern  and MYR0.51 level.  Traders may buy,as  a  bullish  bias  could  be  present  above  this  level,  with  a  target price  of  MYR0.555,  followed  by  MYR0.60.  The  stock  may consolidate  further  if  it  cannot sustain above the MYR0.51  mark. In this  case,  further  support  is  at  MYR0.475,  where  traders  can  exit upon a breach to avoid a further correction.

 

E.A.  Technique  may  climb  further  after  recovering  above  theMYR1.00  level in its latest session. Traders may buy as a bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR1.17. The stock may drift lower 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 to avoid further correction.

 


Super  Enterprise  may  climb  higher  after  surpassing  the  MYR3.10level in its latest session.  Traders may buy as a bullish  bias could be present  above  this  level,  with  a  target  price  of  MYR3.35, followed by MYR3.54. The stock may  move sideways if  it cannot hold above the  MYR3.10  mark.  In  this  case,  further  support  is  anticipated  at MYR2.87, where traders can exit upon a breach  to avoid  a  further correction.

 

 

MNRB  may  trend  higher  after  recovering  above  the  200-day  MAV line to surpass the MYR3.97  level. Traders may buy, as a bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR4.44, followed by MYR4.63. The stock may consolidate further if  it cannot sustain  above  the  MYR3.97  mark.  In  this  case,  further  support  is anticipated at MYR3.77, where traders can exit upon a breach.

 

Vsolar  Group  may  experience  a  further  technical  rebound  after recovering above the 0.17 level.  Traders may buy,  as a  short-termbullish  bias could be present above this level, with a target price  of MYR0.21.  The  stock  may  drift  lower  if  it  cannot  sustain  above  the MYR0.17  mark.  In  this  case,  further  support  is  anticipated  at MYR0.145, where traders can exit upon a breach.

Source: RHB Research - 12 Jun 2015

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