Kossan Rubber Industries may trend higher after surpassing the MYR7.50 level in its latest session, albeit marginally to anew high.Traders may buy as a bullish bias could be present above this level, with a target price of MYR7.90, followed by MYR8.55. The stockmay consolidate further if it cannot hold above the MYR7.50 mark. In this case, further support is anticipated at MYR6.90, where traders can exit upon a breach to avoid a potential further correction.
SYF Resources may climb even higher after surpassing the MYR0.46level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.52, followed by MYR0.555. The stock may consolidate if it cannot sustain above the MYR0.46 mark. In this case, further support is anticipated at MYR0.425, where traders can exit upon a breach.
Mikro MSC may climb higher after recovering above the MYR0.355level 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 MYR0.425. The stock may drift sideways if it cannot sustain above the MYR0.355 mark. In this case, further support is anticipated at MYR0.315, where traders can exit upon a breach.
Jaks Resources was testing the MYR1.14 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.21, followed by MYR1.34. In the meantime, the stock may drift sideways if the MYR1.14 level cannot be breached. Support may then be found at MYR1.07, where traders can exit upon a breach to avoid a potential further correction.
George Kent was testing the MYR1.54 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.68, followed by MYR1.78. In the meantime, the stock may drift sideways if the MYR1.54 level cannot be breached. Support may then be found at MYR1.37, where traders can exit upon a breach to avoid a potential further correction.
TDM was testing the MYR0.61 level in its latest session as it crossed the 50-day MAV line as well. Traders may buy if this level is breached in the near term, with a target price of MYR0.68, followed by MYR0.71. In the meantime, the stock may drift sideways if the MYR0.61 level cannot be breached. Support may then be found at MYR0.53, where traders can exit upon a breach.
Source: RHB Research - 29 Sep 2015
Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016