RHB Research

Trading Stocks - 15 September 2015 - Tenaga | Felda | MRCB | Ho Hup | Yong Tai | Digi

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Publish date: Tue, 15 Sep 2015, 09:01 AM

Tenaga  Nasional  may  climb  further  after  surpassing  the  MYR11.60 level and 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 MYR13.50. The  stock may turn sideways if it cannot sustain above the  MYR11.60  mark.  In  this  case,  further  support  is  anticipated  at MYR11.00, where traders can exit upon a breach.


Felda Global Ventures (FGV)  may rebound further after  recovering above the MYR1.55  level in its latest session.  Traders may buy,  as a bullish  bias could be present above this level, with a target priceof MYR1.76, followed by MYR1.85.  The  stock may turn  sideways if it  cannot  sustain  above  the  MYR1.55  mark.  In  this  case,  further support  is  anticipated  at  the  MYR1.46  point,  where  traders  can exit upon a breach.

Malaysian  Resources  Corporation  (MRCB)  may  soon  test  the MYR1.10 level following its  recent  recovery above the 50-day MAV line. Traders may buy if this level is breached in the near term, with a  target  price  of  MYR1.28.  In  the  meantime,  the  stock  may  drift sideways  if  the  MYR1.10  level  cannot  be  surpassed.  Support  may then be found at MYR1.00, where traders can exit upon a breach.

 

Ho  Hup  Construction  may  rebound  further  after  recovering  above the  MYR0.88  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  MYR1.00.  The  stock  may  turn  sideways  if  it  cannot sustain  above  the  MYR0.88  mark.  In  this  case,  further  support  is anticipated at MYR0.78, where traders can exit upon a breach.

 

Yong  Tai  was  testing  the  MYR0.615  level  in  its  latest  session. Traders  may  buy  if  this  level  is  breached  in  the  near  term,  with  a target  price  of  MYR0.71.  In  the  meantime,  the  stock  may  drift sideways if the MYR0.615  level  cannot be surpassed.  Support may then be found at MYR0.555, where traders can exit upon a breach.

 

Digi.com was testing the MYR5.60  level in its latest session. Traders may buy if this level is breached in the near term, with a target price of  MYR6.10.  In  the  meantime,  the  stock  may  drift  sideways  if  the MYR5.60  level cannot be surpassed.  Support may then be found at MYR5.25, where traders can exit upon a breach.

Source: RHB Research - 15 Sep 2015

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