Focus Lumber may trend higher after breaching the MYR1.71 level to hit a new high in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.85, followed by MYR2.00. Conversely, the stock may pull back to take a breather if it cannot sustain above the MYR1.71 mark. In this case, further support is anticipated at MYR1.60, where traders can exit upon a breach to avoid further correction.
Unisem rebounded to test the MYR1.95 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.20. In the meantime, the stock may consolidate further if the MYR1.95 level cannot be surpassed. Support may then be found at MYR1.73, where traders can exit upon a breach.
Puncak Niaga may climb higher after recovering above the 50-day MAV line and the MYR2.57 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.82, followed by MYR3.06. The stock may drift sideways if it cannot sustain above the MYR2.57 mark. In this case, further support is anticipated at MYR2.40, where traders can exit upon a breach.
Kumpulan Perangsang Selangor may rebound further after recovering above the MYR1.29 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.50. The stock may drift sideways if it cannot sustain above the MYR1.29 mark. In this case, further support is anticipated at MYR1.15, where traders can exit upon a breach.
Salcon rebounded to test the MYR0.65 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.725. In the meantime, the stock may drift sideways if the MYR0.65 level cannot be surpassed. Support may then be found at MYR0.595, where traders can exit upon a breach.
Ivory Properties may rebound further after recovering above the MYR0.35 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.40, followed by MYR0.43. The stock may drift sideways if it cannot sustain above the MYR0.35 mark. In this case, further support is anticipated at MYR0.32, where traders can exit upon a breach.
Source: RHB Research - 8 Sep 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016