GD Express Carrier (GDEX) may experience a further technical rebound after recovering above the downtrend line and MYR1.33level. Traders may buy, as a bullish bias could be present above thislevel, with a target price of MYR1.48 followed by MYR1.57. The stock may drift lower if it falls below the MYR1.33 mark. In this case, further support is anticipated at MYR1.25, where traders can exit upon a breach.
Unisem may rebound further as it recovered above the MYR2.32 level after the recent healthy correction. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR2.64. The stock may consolidate if it falls back below the MYR2.32 mark. In this case, further support is anticipated at MYR2.23, where traders can exit upon a breach. Note that it would be preferable if the stock can recover above the 50-day MAV line to enhance the bullish bias.
Kawan Food may rebound further after climbing above the MYR2.40 level in its latest session. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR2.71. The stock may correct further if it cannot sustain above the MYR2.40 mark. In this case, further support is at MYR2.24, where traders can exit upon a breach.
UEM Edgenta may climb further after recovering above the MYR3.45 lvel 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 MYR3.87. The stock could drift lower if it falls below the MYR3.45 mark. In this case, further support is anticipated at MYR3.28, where traders can exit upon a breach.
Wintoni Group may rebound further after gaining above the MYR0.33 level in its latest session to touch the 50-day MAV line, albeit marginally. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR0.385. The stock may consolidate further if it cannot sustain above the MYR0.33 mark. In this case, further support is at MYR0.30, where traders can exit upon a breach.
Tenaga Nasional may extend its weakness after it failed to hold above the MYR12.98 level in its latest session. Traders may expect a further retracement if it stays below this level, with the next support levels anticipated at MYR12.14, followed by MYR11.24. The stock may trend sideways if it returns above the MYR12.98 level. The bearish bias will likely be significantly reduced if the MYR13.48level is surpassed.
Source: RHB Research - 19 Jun 2015
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TENAGACreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016