Matrix Concepts Holdings may  soon experience a technical rebound after  being oversold  to an extent.  Traders may buy as  a  short-term bullish bias could be present above the MYR2.30 level, with a target price  of  MYR2.50.  The  stock  may  resume  its  downtrend  if  it  does not  react  to  the  oversold  condition.  In  this  case,  support  is anticipated at MYR2.18, where traders can exit upon a breach.

Unisem  may  soon  experience  a  technical  rebound  after  being oversold  to an extent. Traders may  buy as  a short-term  bullish  bias could  be  present  in  the  immediate  term,  with  a  target  price  of MYR2.00. The  stock may resume its downtrend if it does not react to  the  oversold  condition.  In  this  case,  support  is  anticipated  at MYR1.71, where traders can exit upon a breach.

Asdion  may  soon  experience  a  technical  rebound  after  being oversold  to  an  extent,  as  it  nears  the  200-day  MAV  line.  Traders may  buy  as  a  short-term  bullish  bias  could  be  present  in  theimmediate  term,  with  a  target  price  of  MYR0.89,  followed  by MYR0.96. The  stock may resume its downtrend if it does not react to  the  oversold  condition.  In  this  case,  support  is  anticipated  at MYR0.73, where traders can exit upon a breach.

Sersol  may  soon  experience  a  technical  rebound  after  being oversold  to an extent. Traders may buy as a short-term  bullish  bias could  be  present  in  the  immediate  term,  with  a  target  price  of MYR0.245. The  stock may resume its downtrend if it does not react to  the  oversold  condition.  In  this  case,  support  is  anticipated  at MYR0.20, where traders can exit upon a breach.

Tenaga  Nasional  may  soon  experience  a  technical  rebound  afterbeing oversold to an extent. Traders may buy as a short-term bullishbias could be present in the immediate term, with a target price  of MYR11.98. The  stock may resume its downtrend if it does not react to  the  oversold  condition.  In  this  case,  support  is  anticipated  at MYR10.58, where traders can exit upon a breach.

Alliance Financial Group may soon experience a technical rebound after  being  oversold  to an extent. Traders  may buy as a short-term bullish  bias could be present in  the immediate term, with a target price  of  MYR4.30.  The  stock  may  resume  its  downtrend  if  it  does not  react  to  the  oversold  condition.  In  this  case,  support  is anticipated at MYR3.94, where traders can exit upon a breach.

Source: RHB Research - 11 Aug 2015