Evergreen Fibreboard may climb higher after surpassing MYR1.42 to extend its multi-year high. Traders may buy as  a  bullish  bias could be  present  above  this  level,  with  a  target  price  of  MYR1.68, followed  by  MYR1.75.  The  stock  may  pull  back  to  consolidate  if  it cannot  sustain  above  the  MYR1.42  mark.  In  this  case,  further support  is  anticipated  at  MYR1.30,  where  traders  can  exit  upon  abreach to avoid a further correction.

Homeritz  Corporation  may  trend  higher  after  closing  above MYR1.49  to  reach  a  new  high.  Traders  may  buy  as  a  bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR1.63, followed by MYR1.77. The stock may consolidate further if it cannot sustain  above  the  MYR1.49  mark.  In  this  case,  further  support  is anticipated  at  MYR1.32,  where  traders  can  exit  upon  a   breach  to avoid a further correction.

Keladi may trade higher  after  closing above the MYR0.30 level  and 200-day  MAV  line,  albeit  marginally.  Traders  may  buy  as  a  bullishbias  could  be  present  above  this  level,  with  a  target  price  of MYR0.34, followed by MYR0.365.  The stock may drift sideways  if it cannot  sustain  above  the  MYR0.30  mark.  Further  support  is  then anticipated at MYR0.28, where traders can exit upon a breach.

Heng  Huat  Resources  was  testing  the  MYR0.715  level  in  its  latest session. Traders may buy if this level is breached in the immediate term,  with  a  target  price  of  MYR0.765,  followed  by  MYR0.835.  In the  meantime,  the  stock  may  consolidate  further  if  the  MYR1.43level  cannot  be  surpassed.  Support  may  be  found  at  MYR0.67, where traders can exit upon a breach.

Muhibbah Engineering breached the downtrend line recently to test the  MYR2.40  level  and  50-day  MAV  line.  Traders  may  buy  if  this level is breached in the near  term, with a target  price of MYR2.66, followed  by  MYR2.80.  In  the  meantime,  the  stock  may  move sideways if the MYR2.40 level cannot be surpassed.  Support may be found at MYR2.20, where traders can exit upon a breach.

UEM  Edgenta  was  testing  the  MYR3.66  level  in  its  latest  session while marginally breaching the downtrend line. Traders may buy if this  level  is  breached  in  the  near  term,  with  a  target  price  of MYR3.85,  followed  by  MYR4.30.  In  the  meantime,  the  stock  may consolidate  further  if  the  MYR3.66  level  cannot  be  surpassed. Support may be found at MYR3.28, where traders can exit upon a breach.

Source: RHB Research - 3 Jul 2015