IFCA MSC was testing the MYR0.88 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 MYR1.01. In the meantime, the stock may move sideways if the MYR0.88 level cannot be breached. Support may then be found at MYR0.80, where traders can exit upon a breach.
United U-Li Corp may climb higher after surpassing the MYR3.90 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 MYR4.47. The stock may consolidate further if it cannot hold above the MYR3.90 mark. In this case, further support is anticipated at MYR3.60, where traders can exit upon a breach to avoid a potential further correction.
E.A. Technique was testing the MYR1.08 level and 50-day MAV line in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.22, assuming the MYR1.13 level can be surpassed. In the meantime, the stock may consolidate further if the MYR1.08 level cannot be breached. Support may then be found at MYR0.995, where traders can exit upon a breach.
Fitters Diversified may rebound further after gaining above the MYR0.52 level and 50-day MAV line, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.585, followed by MYR0.625. The stock may drift sideways if it cannot sustain above the MYR0.52 mark. In this case, further support is anticipated at the MYR0.46 point, where traders can exit upon a breach.
Managepay Systems may climb higher after gaining above the MYR0.245 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 MYR0.285. The stock may drift sideways if it cannot sustain above the MYR0.245 mark. In this case, further support is anticipated at MYR0.225, where traders can exit upon a breach.
ES Ceramics Technology was testing the MYR0.335 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.37. In the meantime, the stock may consolidate further if the MYR0.335 level cannot be surpassed firmly. Support may then be found at MYR0.30, where traders can exit upon a breach.
Source: RHB Research - 23 Sep 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016