Farlim Group may trend higher after moving above the downtrend line in its latest session. Traders may buy as a bullish bias could be present above the MYR0.635 level, with a target price of MYR0.73. The stock may consolidate further if it falls below the MYR0.635mark. In this case, further support is anticipated at MYR0.60, where traders can exit upon a breach.
Teo Seng was testing the downtrend line and MYR1.82 resistance level in its latest session. Traders may buy if this level is surpassed in the near term with a target price of MYR2.05. In the meantime, the stock may drift sideways if the MYR1.82 level cannot be surpassed. In this scenario, further support may then be found at MYR1.69, where traders can exit upon a breach
Sam Engineering & Equipment was testing the MYR4.35 resistance level in its latest session. Traders may buy if this level is surpassed in the near term with a target price of MYR5.00. In the meantime, the stock may trade sideways if the MYR4.35 level cannot be surpassed. In this scenario, further support may then be found at MYR3.88, where traders can exit upon a breach.
Fututech may rebound further after recovering back above the MYR1.64 level to touch the 50-day MAV line. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR1.83. The stock may consolidate further if it cannot sustain above the MYR1.64 mark. In this case, further support is at MYR1.57, where traders can exit upon a breach to avoid a further correction.
Y.S.P. Southeast Asia was testing the MYR2.18 resistance level in its latest session. Traders may buy if this level is surpassed in the near term with a target price of MYR2.39. In the meantime, the stock may trade sideways if the MYR2.18 level cannot be surpassed. In this scenario, further support may then be found at MYR2.00,
where traders can exit upon a breach to avoid a further correction.
Prolexus was testing the MYR2.10 support level in its latest session. Traders may expect a further correction if this level is violated in the near term, with the next support levels anticipated at MYR2.00, followed by MYR1.85. Meanwhile, the stock may trend sideways if it holds above the MYR2.10 level, while the bullish bias may resume if the MYR2.23 level is surpassed.
Source: RHB Research - 15 Jun 2015
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KERJAYACreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016