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
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GASMSIA2024-08-23
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GASMSIA2024-08-16
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M&A2024-08-16
M&A2024-08-15
EURO2024-08-15
GASMSIA2024-08-15
GASMSIA2024-08-15
M&A2024-08-15
M&ACreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016