Tomypak Holdings may trend higher after breaching the MYR1.77 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.00, assuming the MYR1.89 level can be surpassed. The stock may consolidatefurther if it dips back below the MYR1.77 mark. In this case, further support is anticipated at MYR1.67, where traders can exit upon abreach to avoid a further correction.
ES Ceramics Technology may trend higher after breaching the MYR0.34 level to extend its multi-year high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.395. The stock may turn sideways if it falls back below the MYR0.34 mark. In this case, further support is anticipated at MYR0.30, where traders can exit upon a breach to avoid a further correction.
Luxchem Corporation may climb higher after breaching the 50-day MAV line and MYR1.06 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target priceof MYR1.19, followed by MYR1.26. The stock may fall and driftsideways if it cannot sustain above the MYR1.06 mark. In this case, support is anticipated at MYR1.02, where traders can exit upon a breach.
Gadang Holdings was testing the MYR1.52 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.66, followed by MYR1.75. In the meantime, the stock may consolidate further if the MYR1.52 level cannot be surpassed. Support may be found at MYR1.38, where traders can exit upon a breach.
Takaso was testing the MYR0.56 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.61, followed by MYR0.65. In the meantime, the stock may move sideways if the MYR0.56 level cannot be surpassed. Support may be found at MYR0.50, where traders can exit upon a breach.
Green Packet was testing the MYR0.265 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.305. In the meantime, the stock may take a breather if the MYR0.265 level cannot be surpassed firmly. Support may be found at MYR0.23, where traders can exit upon a breach.
Source: RHB Research - 3 Aug 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016