Kossan Rubber Industries resumed its bullish trend after recentlyrecovering above the MYR6.90 level. Traders may buy as a bullishbias could be present above this level, with a target price of MYR7.90, assuming the MYR7.50 can be surpassed. The stock may consolidate further if it dips back below the MYR6.90 mark. In this case, further support is anticipated at MYR6.44, where traders can exit upon a breach to avoid a further correction.
Karex resumed its bullish trend after recently regaining above the MYR3.24 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR3.60. The stock may consolidate further if it dips back below the MYR3.24 mark. In this case, further support is anticipated at MYR3.06, where traders can exit upon a breach to avoid a further correction
Petronas Dagangan may consolidate with an upward bias after sustaining above the MYR20.00 level. Traders may buy as a bullishbias could be present above this level, with a target price of MYR22.50, assuming the MYR21.50 level can be surpassed. Thestock may drift sideways if it falls back below the MYR20.00 mark. In this case, further support is anticipated at MYR19.00, where traders can exit upon a breach.
Hovid was testing the MYR0.41 level in its latest session. Traders may expect further weakness if the stock breaches this price in the near term, with the next support level anticipated at MYR0.375, followed by MYR0.35. The stock may move sideways if it holds above the MYR0.41 level. The bearish bias may be significantly reduced if the stock recovers above the MYR0.455 level.
Tambun Indah Land may experience further weakness after breaching the MYR1.40 level in its latest session, albeit marginally. Traders may expect further weakness if the stock stays below this price in the near term, with the next support level anticipated at MYR1.25, followed by MYR1.18. The stock may move sideways if it recovers above the MYR1.40 level. The bearish bias may be significantly reduced if the MYR1.65 level is surpassed.
Pentamaster Corporation may experience further weakness after breaching the MYR0.725 level in its latest session. Traders may expect further weakness if the stock stays at this level, with the next support level anticipated at MYR0.575. The stock may move sideways if it recovers above the MYR0.725 level. Bullish bias may return if the MYR0.785 level is surpassed.
Source: RHB Research - 25 Aug 2015
Chart | Stock Name | Last | Change | Volume |
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2024-08-25
KOSSAN2024-08-25
PENTA2024-08-23
KAREX2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-23
KOSSAN2024-08-22
PETDAG2024-08-21
KOSSAN2024-08-21
KOSSAN2024-08-21
KOSSAN2024-08-21
PENTA2024-08-21
PETDAG2024-08-21
PETDAG2024-08-21
PETDAG2024-08-21
PETDAG2024-08-21
PETDAG2024-08-21
PETDAG2024-08-20
PETDAG2024-08-20
PETDAG2024-08-20
PETDAG2024-08-16
KAREX2024-08-16
KAREX2024-08-16
KOSSAN2024-08-15
KAREX2024-08-14
PETDAG2024-08-14
PETDAG2024-08-14
PETDAG2024-08-13
KOSSAN2024-08-13
PETDAGCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016