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
Chart | Stock Name | Last | Change | Volume |
---|
Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016