Mieco  Chipboard  may  trend  higher  after  surpassing  MYR0.765  to reach a new multi-year high. Traders may buy as a bullish bias could be  present  above  this  level,  with  a  target  price  of  MYR0.86, followed  by  MYR0.915.  The  stock  may  pull  back  to  consolidate  if  it cannot  sustain  above  the  MYR0.765  mark.  In  this  case,  further support  is  anticipated  at  MYR0.705,  where  traders  can  exit  upon  a breach.

Khee San may rebound further after recovering above the MYR0.71 level  and  50-day  MAV  line,  albeit  marginally.  Traders  may  buy  as  a bullish bias could be present above this level, with a target price of MYR0.815.  The  stock  may  consolidate  further  if  it  cannot  sustain above the MYR0.71 mark. In this case, further support is anticipated at MYR0.665, where traders can exit upon a breach to avoid further correction.

SYF  Resources  may  experience  a  further  technical  rebound  after breaching  the  downtrend  line  and  50-day  MAV  line.  Traders  may buy  as  a  bullish  bias  could  be  present  above  the  MYR0.415  level, with  a  target  price  of  MYR0.465,  followed  by  MYR0.495.  The  stock may  drift  sideways  if  it  cannot  sustain  above  the  MYR0.415  mark. Further  support  is  then  anticipated  at  MYR0.39,  where  traders  can exit upon a breach.

Poh  Huat  Resources  was  testing  the  MYR2.23  level  in  its  latest session.  Traders  may  buy  if  this  level  is  breached  in  the  immediate term,  with  a  target  price  of  MYR2.43.  In  the  meantime,  the  stock may  consolidate  further  if  the  MYR2.23  level  cannot  be  surpassed. Support  may  be  found  at  MYR2.05,  where  traders  can  exit  upon  a breach.

Euro  Holdings  has  been  testing  the  MYR0.68  resistance  level recently. Traders may buy if this level is breached in the near term, with  a  target  price  of  MYR0.72,  followed  by  MYR0.77.  In  the meantime,  the  stock  may  move  sideways  if  the  MYR0.68  level cannot  be  surpassed.  Support  may  be  found  at  MYR0.60,  where traders can exit upon a breach.

Gas Malaysia was testing the MYR2.60 level in its latest session. The stock  may  experience  a  further  technical  rebound  if  this  level  is breached,  with  a  target  price  of  MYR2.85,  followed  by  the psychological MYR3.00 level. In the meantime, the stock may move sideways if the MYR2.60 level cannot be surpassed. Support may be found at MYR2.50, where traders can exit upon a breach.

Source: RHB Research - 6 Jul 2015