Prolexus may trend higher after surpassing the MYR2.38 level in its latest session, as it is now positioned above the 50-day MAV line again. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR2.66. The stock may consolidate further if it cannot hold above the MYR2.38 mark. In this case, further support is anticipated at MYR2.08, where traders can exit upon a breach to avoid a potential further correction.
Amcorp Properties may climb even higher after surpassing the MYR0.855 level in its latest session. Traders may buy, as a bullishbias could be present above this level, with a target price of MYR0.95, followed by MYR1.02. The stock may trend sideways if it cannot sustain above the MYR0.855 mark. In this case, further support is anticipated at MYR0.80, where traders can exit upon abreach.
Global Oriental (GOB) may rebound further after climbing above the MYR0.57 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.68. The stock may drift sideways if it cannot sustain above the MYR0.57 mark. In this case, further support is anticipated at the MYR0.525 point, where traders can exit upon a breach.
Bonia Corporation was testing the MYR0.80 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.88, followed by MYR0.925. In the meantime, the stock may drift sideways if the MYR0.80 level cannot be breached. Support may then be found at MYR0.69, where traders can exit upon a breach.
Yoong Onn Corporation may trend higher after gaining above the MYR0.95 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 MYR1.05. The stock may turn sideways if it cannot sustain above the MYR0.95 mark. In this case, further support is anticipated at MYR0.87, where traders can exit upon a breach.
Comintel Corporation may trend higher after recovering back above the MYR0.275 level t touch the 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 MYR0.32, followed by MYR0.345. The stock may consolidate further if it cannot sustain above the MYR0.275 mark. In this case, further support is anticipated at MYR0.24, where traders can exit upon a breach.
Source: RHB Research - 28 Sep 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016