RHB Research

Trading Stocks - 28 September 2015 - Prolexus | AMPROP | GOB | Bonia | Yoong Onn | Comintel

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Publish date: Mon, 28 Sep 2015, 09:16 AM

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

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