RHB Research

Trading Stocks - 22 September 2015 - Tomypak | Pentamaster | AWC | Censof | MMSV | Silk

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Publish date: Tue, 22 Sep 2015, 09:24 AM

Tomypak may trend higher after surpassing the MYR1.89 level in its latest  session  to  extend  its  multi-year  high.  Traders  may  buy  as  a bullish bias could be present above this level, with a target price of MYR2.20. The stock may take a breather if it cannot hold above the MYR1.89  mark.  In  this  case,  further  support  is  anticipated  at MYR1.79,  where  traders  can  exit  upon  a  breach  to  avoid  a  further correction.

 

Pentamaster  may  climb  higher  after  surpassing  the  50-day  MAV line and MYR0.785 level in its latest session. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR0.90.  The  stock  may  consolidate  further  if  it  cannot  hold above  the  MYR0.785  mark.  In  this  case,  further  support  is anticipated at MYR0.735, where traders can exit upon a breach.

 

AWC  was  testing  the  MYR0.36  level  in  its  latest  session  after crossing  the  50-day  MAV  line  marginally.  Traders  may  buy  if  this level is breached in the near term, with a target price of MYR0.425, assuming the MYR0.39 level can be surpassed. In the meantime, the stock  may  consolidate  further  if  the  MYR0.36  level  cannot  be breached. Support may then  be  found at MYR0.325, where traders can exit upon a breach.

 

Censof  may  rebound  further  after  recently  gaining  above  the MYR0.26  level  and  50-day  MAV  line.  Traders  may  buy  as  a  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.32, assuming the MYR0.29 level can  be  surpassed. The stock may turn sideways if  it cannot sustain above the  MYR0.26 mark. In this  case,  further  support  is  anticipated  at  the  MYR0.245,  where traders can exit upon a breach.

 

MMS  Ventures  (MMSV)  may  climb  higher  after  gaining  above  the MYR0.69  level  and  50-day  MAV  line  in  its  latest  session,  albeit marginally.  Traders  may  buy  as  a  bullish  bias  could  be  present above  this  level,  with  a  target  price  of  MYR0.775,  assuming  the MYR0.73  level  can  be  surpassed.  The  stock  may  turn  sideways  if  it cannot  sustain  above  the  MYR0.69  mark.  In  this  case,  further support  is  anticipated  at  MYR0.65,  where  traders  can  exit  upon  a breach.

 

Silk  Holdings  was  testing  the  MYR0.505  level  in  its  latest  session. Traders  may  buy  if  this  level  is  breached  in  the  near  term,  with  a target  price  of  MYR0.58.  In  the  meantime,  the  stock  may consolidate  further  if  the  MYR0.505  level  cannot  be  surpassed firmly. Support may then be found at MYR0.445, where traders can exit upon a breach.

Source: RHB Research - 22 Sep 2015

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