RHB Research

Trading Stocks - 30 September 2015 - Digi | Unisem | Parkson | A-Rank | Felda | UMW

kiasutrader
Publish date: Wed, 30 Sep 2015, 09:22 AM

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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