Digi.com is testing the MYR5.60 level minor resistance level. Traders may buy if this level is breached in the near term, with a target price of MYR6.10, provided the MYR5.85 level is surpassed. In the meantime, the stock may consolidate further if the MYR5.60 level cannot be surpassed. Support may then be found at MYR5.30, where traders can exit upon a breach.
Unisem recently tested the MYR1.97 level resistance area as it neared the 50-day MAV line. Traders may buy if this level is breached in the near term, with a target price of MYR2.20. In the meantime, the stock may consolidate further if the MYR1.97 level cannot be surpassed. Support may then be found at MYR1.73, where traders can exit upon a breach.
Parkson Holdings was testing the MYR1.12 level in its latest session. Traders may anticipate a further short-term technical rebound if this level is breached in the near term, with a target price of MYR1.30. In the meantime, the stock may drift sideways if the MYR1.12 level cannot be breached. Support may then be found at MYR0.995, where traders can exit upon a breach.
A-Rank may rebound further after surpassing the MYR0.475 leveland 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 MYR0.55, followed by MYR0.58. The stock may turn sideways if it cannot hold above the MYR0.475 mark. In this case, further support is anticipated at MYR0.44, where traders can exit upon a breach.
Felda Global Ventures was testing the MYR1.43 support level in its latest session after crossing below the 50-day MAV line. Traders may expect further weakness if it violates this level in the near term, with the next support level anticipated at MYR1.20. The stock may trend sideways if it holds above the MYR1.43 level. Short-term bullish bias may return if the MYR1.65 level is surpassed.
UMW Holdings may extend its weakness after falling below theMYR7.70 level to extend its multi-year low. Traders may expect further weakness if it stays below this level in the near term, with the next support level anticipated at MYR7.07, followed by MYR6.45. The stock may trend sideways if it returns above the MYR7.70 level. A short-term bullish bias may kick in if it rebounds back above the MYR8.10 level.
Source: RHB Research - 30 Sep 2015
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016