RHB Research

Trading Stocks - 25 September 2015 - IQ | Asia Poly | TMC Life | WTK | Paramount | Top Glove

kiasutrader
Publish date: Fri, 25 Sep 2015, 08:49 AM

IQ Group may rebound further  after surpassing  the  MYR2.03 level in  its  latest  session.  Traders  may  buy,  as  a  bullish  bias  could  be present  above  this  level,  with  a  target  price  of  MYR2.20, followed by  MYR2.50.  The  stock  may  drift  sideways  if  it  cannot  hold  above the  MYR2.03  mark.  In  this  case,  further  support  is  anticipated  at MYR1.86, where traders can exit upon a breach.

Asia  Poly  Holdings  may  rebound  further  after  surpassing  the MYR0.65  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  MYR0.765.  The  stock  may  consolidate  further  if  it cannot  sustain  above  the  MYR0.65  mark.  In  this  case,  further support is anticipated at MYR0.575, where traders can exit upon abreach to avoid a potential further correction.

TMC  Life  Sciences  may  trend  higher  after  climbing  above  the MYR0.575 level. Traders may buy as  a bullish  bias could be present above  this  level,  with  a  target  price  of  MYR0.645.  The  stock  may drift sideways if it cannot sustain above the MYR0.575 mark. In this case,  further  support  is  anticipated  at  the  MYR0.53  point,  where traders can exit upon a breach.

 

WTK  Holdings  may  rebound  further  after  sustaining  above  theMYR0.95 level.  Traders may buy as  a  bullish  bias could be present above this level, with a target price  of MYR1.08. The stock may driftsideways if  it cannot sustain above the MYR0.95  mark. In this case, further support is anticipated at the MYR0.895 point, where traders can exit upon a breach.

Paramount  Corporation  may  climb  higher  after  gaining  above  the MYR1.67  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  MYR1.86.  The  stock may  turn  sideways if it  cannot sustain above the MYR1.67 mark. In this case, further support is anticipated at MYR1.60, where traders can exit upon a breach.

Top  Glove  Corporation  may  trend  higher  after  recovering  back above the 50-day MAV line and MYR7.70 level in its latest session. Traders may buy as  a bullish  bias could be present above this level, with  a  target  price  of  MYR8.55,  followed  by  MYR9.00.  The  stock may  consolidate  further  if  it  cannot  sustain  above  the  MYR7.70 mark. In this case, further support is anticipated at MYR7.10, where traders can exit upon a breach.

Source: RHB Research - 25 Sep 2015

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment