RHB Research

Trading Stocks - 15 June 2015 - Farlim | Teo Seng | Sam Engineering | Fututech | Y.S.P. | Prolexus

kiasutrader
Publish date: Mon, 15 Jun 2015, 09:05 AM

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

 

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment