RHB Research

Trading Stocks - 29 September 2015 - Kossan | SYF | Mikro MSC | JAKS | George Kent | TDM

kiasutrader
Publish date: Tue, 29 Sep 2015, 09:21 AM

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

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