Jiankun International may rebound further after climbing above the downtrend line and MYR0.28, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target priceof MYR0.325. Te stock may drift lower if it falls below the MYR0.28mark. In this case, further support is anticipated at MYR0.255, where traders can exit upon a breach.
Rev Asia may rebound further after its gapped up above theMYR0.77 level. Traders may buy as a bullish bias could be presentabove this level, with a target price of MYR0.91, followed byMYR0.97. The stock may drift lower if it cannot sustain above theMYR0.77 mark. In this case, further support is anticipated atMYR0.70, where traders can exit upon a breach.
Perwaja Holdings was testing the MYR0.18 resistance level in its latest session. Traders may buy if this level is surpassed in the near term with a target price of MYR0.225. In the meantime, the stock ay trade sideways if the MYR0.18 level cannot be surpassed. In this scenario, further support may then be found at MYR0.145, where traders can exit upon a breach.
Eco World Development Group may experience further selling after closing below the MYR1.58 level to extend its 52-week low. Traders may expect further weakness if the stock stays below this level in the immediate term, with the next supports anticipated at MYR1.35, followed by MYR1.23. Meanwhile, the stock may trend sideways if it recovers back above the MYR1.58 level, while the bearish bias may be removed if it recovers above the MYR1.67 level.
GHL Systems may experience further correction after it fell below the MYR1.08 level and formed a bearish “Head & Shoulder” pattern. Traders may expect further weakness if the stock cannot recover aove the MYR1.08 level in the near term, with further support anticipated at MYR0.95. The stock may resume its consolidation if it recovers above the MYR1.08 level, while turningpositive again if the MYR1.16 mark is breached.
Mudajaya Group may fall further after closing below the MYR1.35 level to extend its multi-year low. Traders may expect further weakness if the stock stays below this level in the immediate term, with the next support level anticipated at MYR1.10. Meanwhile, the stock may trend sideways if it returns above the MYR1.35 level, while the bearish bias may be eliminated if it recovers above the MYR1.45 level.
Source: RHB Research - 16 Jun 2015
Chart | Stock Name | Last | Change | Volume |
---|
Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016