RHB Research

Trading Stocks - 10 September 2015 - V.S. | SKP | Mitrajaya | Prestariang | JCY | Wintoni

kiasutrader
Publish date: Thu, 10 Sep 2015, 09:32 AM

V.S.  Industry  may  trend  higher  after  climbing  above  the  MYR1.30 level to mark 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 MYR1.43, followed by MYR1.57. The stock may take a breather if it cannot  sustain  above  the  MYR1.30  level.  In  this  case,  further support  is  anticipated  at  MYR1.20,  where  traders  can  exit  upon  a breach to avoid potential further correction.

 

SKP Resources was testing the downtrend line and MYR1.35 level in its  latest  session.  Traders  may  buy  if  this  level  is  breached  in  the near term, with a target price of MYR1.48, followed by MYR1.55. In the  meantime,  the  stock  would  likely  consolidate  further  if  the MYR1.35 level cannot be surpassed.  Support may then be found  at MYR1.20, where traders can exit upon a breach.

 

Mitrajaya  may  rebound  further  after  climbing  above  the  MYR1.00 level  in  its  latest  session,  albeit  marginally.  Traders  may  buy  as  a bullish bias could be present above this level, with a target price of MYR1.15.  The  stock  may  drift  sideways  if  it  cannot  sustain  above the  MYR1.00  mark.  In  this  case,  further  support  is  anticipated  at MYR0.94, where traders can exit upon a breach.

 

Prestariang may experience a further rebound after climbing above the  MYR1.80  level.  Traders  may  buy  as  a  short-term  bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR1.95, followed  by  MYR2.15.  The  stock  may  drift  sideways  if  it  cannot sustain  above  the  MYR1.80  mark.  In  this  case,  further  support  is anticipated at MYR1.62, where traders can exit upon a breach.

 

JCY  International  may  rebound  further  after  climbing  above  the MYR0.67  level  to  touch  the  50-day  MAV  line  in  its  latest  session. Traders may buy as a bullish bias could be present above this level, with  a  target  price  of  MYR0.715,  followed  by  MYR0.77.  The  stock may drift sideways if it cannot sustain above the MYR0.67 mark. In this case, further support is anticipated at MYR0.605, where traders can exit upon a breach.

 

Wintoni  may  rebound  further  after  climbing  above  the  MYR0.26  in its latest session, albeit marginally. Traders may buy as a short-term bullish bias could be present above this level, with a target price of MYR0.30.  The  stock  may  drift  sideways  if  it  cannot  sustain  above the  MYR0.26  mark.  In  this  case,  further  support  is  anticipated  at MYR0.23, where traders can exit upon a breach.

Source: RHB Research - 10 Sep 2015

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Killckp

Post removed.Why?

2015-09-22 11:43

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