RHB Research

Trading Stocks - 29 June 2015 - Century Logistics | SCC | Asia Poly | Protasco | Superlon | Genting

kiasutrader
Publish date: Mon, 29 Jun 2015, 09:20 AM

Century  Logistics  may  trend  higher  after  climbing  above  the MYR0.92 level.  Traders may buy,  as  a  bullish  bias could be present above  this  level,  with  a  target  price  of  MYR1.00,  followed  by MYR1.10.  The  stock  ay  consolidate  further  if  it  cannot  sustain above the MYR0.92 mark. In this case, further support is anticipated at MYR0.88, where traders can exit upon a breach to avoid a further correction.

SCC  Holdings  may  trend  higher  after  closing  above  the  MYR2.60level.  Traders may buy,  as a bullish  bias could be present above this level,  with  a  target  price  of  MYR2.89,  followed  by  MYR3.12.  The stock  may  consolidate  further  if  it  cannot  sustain  above  the MYR2.60  mark.  In  this  case,  further  support  is  anticipated  at MYR2.30, where traders can exit upon a breach  to avoid  a  further correction.

 

Asia  Poly  Holdings  may  trend  higher  after  climbing  above  the MYR0.57 level in its latest session. Traders may buy, as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR0.68. The  stock  may  consolidate  further  if  it  cannot  sustain  above  the MYR0.57  mark. In this case, further support is at MYR0.505, where traders can exit upon a breach.

Protasco  may  rebound  further  after  moving  above  the  downtrend line and the MYR1.85  level, albeit marginally.  Traders may buy as  a bullish  bias could be present above this level, with a target price  of MYR2.00  followed by MYR2.13. The stock could  drift  sideways if it cannot hold above the MYR1.85  mark in the near term. In this case, further  support  is  anticipated  at  MYR1.72,  where  traders  can  exit upon a breach.

 

Superlon  Holdings  was  testing  the  MYR1.50  resistance  level  in  its latest  session.  Traders  may  buy  if  this  level  is  surpassed,  with  a target  price  of  MYR1.66.  In  the  meantime,  the  stock  may  tradesideways further if the MYR1.50  level cannot be surpassed. In this scenario,  further  support  may  then  be  found  at  MYR1.35,  where
traders can exit upon a breach.

Genting  Berhad  fell  below  the  MYR8.15  level  in  its  latest  session, albeit marginally.  Traders may expect  a  further  weakness  if  it  staysbelow  this  level  in  the  near  term,  with  the  next  support  levelsanticipated at MYR7.33, followed by MYR6.70.  The stock may trend sideways  if  it recovers  above  the MYR8.15  level, whilethe bearish bias may be significantly reduced if it recovers above the MYR8.71 level.

Source: RHB - 29 Jun 2015

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Be the first to like this. Showing 2 of 2 comments

Blowj0b62

Post removed.Why?

2015-09-22 08:46

presstrp521

Money goes here and going more soon. Chong Ket Pen is pimp Protasco to cover up himself.
http://protascohusseinchoong.blogspot.co.uk/2015/09/protasco-scam-by-hussein-choong-ket-pen.html

2015-09-28 14:08

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