RHB Research

Trading Stocks - 23 September 2015 - IFCA | U-Li | E.A. | Fitters | Managepay | ES Ceramics

kiasutrader
Publish date: Wed, 23 Sep 2015, 09:11 AM

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

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