E.A. Technique may trend higher after surpassing the MYR1.30 level in its latest session to record a new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.43, followed by MYR1.55. The stock may take a breather if it cannot sustain above the MYR1.30 mark. In this case, support is anticipated at MYR1.18, where traders can exit upon a breach to avoid a further correction.
Classic Scenic may rebound further after it recently breached the downtrend line and closed above the MYR1.24 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.30, followed by MYR1.39. Thestock may turn sideways if it cannot sustain above the MYR1.24 mark. In this case, support is anticipated at MYR1.19, where traders can exit upon a breach.
Jerasia Capital may rebound further after forming a “Bullish Engulfing” pattern in its latest session. Traders may buy if the stock sustains above the MYR0.96 level in the immediate term, with a target price of MYR1.05, followed by MYR1.12. The stock may drift lower if it dips below the MYR0.96 level. Support may be found at MYR0.88, where traders can exit upon a breach.
Yoong Onn Corporation (YOCB) was testing the MYR1.14 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.30. In the meantime, the stock may trend sideways if the MYR1.14 level cannot be surpassedfirmly. Support may be found at MYR1.01, where traders can exit upon a breach.
Benalec Holdings was testing the MYR0.64 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.67, followed by MYR0.705. In the meantime, the stock may trend sideways if the MYR0.64 level cannot be surpassed. Support may be found at MYR0.59, where traders can exit upon a breach.
Unisem may experience further weakness after recently falling below the MYR2.23 level. Traders may expect further weakness if the stock stays below the MYR2.23 level, with the next support level anticipated at MYR2.04, followed by MYR1.95. The stock may move sideways if it recovers above the MYR2.23 level. Bearish bias may be eliminated if the MYR2.38 level is surpassed.
Source: RHB Research - 6 Aug 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016