RHB Research

Trading Stocks - 9 September 2015 - Homeritz | Mieco | SYF | GDex | Managepay | GHL

kiasutrader
Publish date: Wed, 09 Sep 2015, 09:22 AM

Homeritz  Corporation  may  trend  higher  after  climbing  above  the 50-day MAV line and  MYR1.00 level,  albeit marginally.  Traders may buy as a bullish  bis could be present above this level, with a target price  of  MYR1.18.  The  stock  may  consolidate  further  if  it  cannot sustain  above  the  MYR1.00  mark.  In  this  case,  further  support  is anticipated  at  MYR0.89,  where  traders  can exit  upon  a  breach  to avoid a potential further correction.

 


Mieco  Chipboard  may  rebound  further  after  climbing  above  the 50-day  MAV  lne  and  MYR0.87  level  in  its  latest  session.  Traders may buy,  as a bullish  bias could be present above this level, with a target  price  of  MYR1.10,  assuming  the  MYR1.00  psychological resistance can be surpassed.  The  stock may  consolidate further  if it  cannot  sustain  above  the  MYR0.87  mark.  In  this  case,  further support is anticipated at MYR0.80, where traders can exit upon abreach.

SYF Resources may rebound further after climbing above the 50-day MAV line and MYR0.43 level. Traders may buy as a bullish bias could be  present  above  this  level,  with  a  target  price  of  MYR0.485, followed  by  MYR0.505.  The  stock  may  turn  sideways  if  it  cannot sustain  above  the  MYR0.43  mark.  In  this  case,  further  support  is anticipated at MYR0.395, where traders can exit upon a breach.

 


GD  Express  Carrier  (GDex)  may  rebound  further  after  climbing above  the MYR1.00  level  amid  an  oversold condition.  Traders may buy as  a short-term  bullish  bias  could be present above  this level, with  a  target  price  of  MYR1.12,  followed  by  MYR1.20.  The  stock may drift sideways if it cannot sustain above the  MYR1.00  mark. In this case, further support is anticipated at MYR0.865, where traders can exit upon a breach.

 

Managepay Systems (MPAY) may rebound further after recovering above the  MYR0.22 level.  Traders may buy as  a  short-term  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.265, followed by MYR.285. The  stock may turn sideways if it cannot  sustain  above  the  MYR0.22  mark.  In  this  case,  further support is anticipated at MYR0.195, where traders can exit upon a
breach.


GHL  Systems  rebounded  to  test  the  MYR1.00  level  in  its  latest session. Traders may buy if this level is breached in the near term, with  a  target  price  of  MYR1.09,  followed  by  MYR1.15.  In  the meantime, the stock may drift sideways if the MYR1.00 level cannot be  surpassed.  Support  may  then  be  found  at  MYR0.935,  where traders can exit upon a breach.

Source: RHB Research - 9 Sep 2015

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