Poh Huat Resources  may trend higher after surpassing the MYR2.82level in itslatest session  to extend its new high. Traders may buy as a  bullish  bias could be present above this level, with a target priceof MYR3.25, followed by MYR3.50. The  stock may take a breather if it cannot sustain above the MYR2.82  mark. In this case,  support is anticipated  at  MYR2.64,  where  traders  can  exit  upon  a   breach  to avoid a further correction.

Denko  Industrial  Corporation  may  experience  a  technical  rebound after  forming  a  bullish  “Piercing  Line”  pattern  in  its  latest  session. Traders  may  buy  as  a  bullish  bias  could  be  present  above  the MYR0.35  level,  with  a  target  price  of  MYR0.38,  followed  by MYR0.405.  The  stock  may  drift  lower  if  it  does  not  react  to  thecurrent  bullish  signal.  In  this  case,  support  is  anticipated  at MYR0.315, where traders can exit upon a breach.

Perwaja  Holdings  may  experience  a  technical  rebound  moving  out of  the  downtrend  line.  Traders  may  buy  if  the  stock  climbs  above the MYR0.215  level, with a target price of MYR0.255, assuming theMYR0.235  level  can  be  surpassed.  The  stock  may  drift  lower  if  it does  not  react  the  the  current  positive  signal.  Support  may  be found at MYR0.17, where traders can exit upon a breach.

D&O Green Technologies was testing the MYR0.30  level in its latest session. Traders may buy if this level is breached in the near term, with  a  target  price  of  MYR0.345.  In  the  meantime,  the  stock  may trend sideways if the MYR0.30  level cannot be surpassed.  Support may be found at MYR0.25, where traders can exit upon a breach.

Malayan  Banking  (Maybank)  may  soon  test  the  MYR8.95  support level after its recent drop. Traders may expect  further  weakness if the  stock  falls  below  this  price,  with  the  next  support  level anticipated  at  MYR8.60,  followed  by  MYR8.25.  The  stock  mayconsolidate further  if  it  sustains  above the MYR8.95  level.  A slightbullish bias may return if the MYR9.38 level is surpassed.

Ecofirst  Consolidated  may  experience  further  weakness  after recently  falling  below  the  MYR0.285  level.  Traders  may  expect further  selling  if the stock maintains  below this price, with  the  next support level anticipated at MYR0.255, followed by  MYR0.235.  The stock may move sideways  if  it  recovers above the MYR0.285  level. The bearish bias may be removed if the MYR0.31 level is surpassed.

Source: RHB Research - 10 Aug 2015