Spring Gallery may trend higher after sustaining above the MYR0.665 level in recent sessions. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.785, followed b MYR0.85. The stock may consolidate if it falls below the MYR0.665 mark. In this case, further support is anticipated at MYR0.61, where traders can exit upon a breach.
Power Root may rebound further after recovering above the MYR1.96 level in its latest session with an uptrend line that is intact. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.21, followed by MYR2.30. The stock may drift lower if it cannot sustain above the MYR1.96 mark. In this case, further support is anticipated at MYR1.80, where traders can exit upon a breach.
Golden Land may rebound further after recovering above the MYR1.55 level in its latest session with an uptrend line that is intact. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.82. The stock may trade sideways if it cannot sustain above the MYR1.55 mark. In this case, further support is anticipated at MYR1.43, where traders can exit upon a breach.
Enra Group may climb higher after sustaining above the MYR0.665 level in recent sessions. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.55. The stock may consolidate as before if it falls below the MYR2.13 mark. In this case, further support is anticipated at MYR0.95, where traders can exit upon a breach.
MMS Ventures (MMSV) was testing the 100-day MAV line and the MYR0.71 level in its latest session. Traders may expect further weakness if the stock falls below this level, with the next support level anticipated at MYR0.65. Meanwhile, the stock may trend sideways if it holds above the MYR0.71 level, while the bullish bias may return if it recovers above the MYR0.81 level.
WCT Holdings may fall further after closing below the MYR1.57 level in its latest session. Traders may expect further weakness if the stock stays below this level, with the next support levels anticipated at MYR1.46, followed by MYR1.37. Meanwhile, the stock may trend sideways if it recovers above the MYR1.57 level, while the bearish bias may be eliminated if it recovers above the MYR1.70 level.
Source: RHB Research - 17 Jun 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016