WCT Holdings may rebound further after surpassing the MYR1.40 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.63, assuming the MYR1.50 level can be surpassed. The stock may turn sideways if it cannot hold above the MYR1.40 level. In this case, further support is anticipated at MYR1.28, where traders can exit upon a breach.
LTKM may rebound further after surpassing the MYR1.58 level in its latest session, albeit marginally to touch the 50-day MAV line. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.77, assuming it can surpass the MYR1.68 level. The stock may drift sideways if it cannot hold above the MYR1.58 mark. In this case, further support is anticipated at MYR1.50, where traders can exit upon a breach.
SMRT was testing the MYR0.295 level in its latest session after marginally breaching the downtrend line. Traders may anticipate a further technical rebound if this level is breached in the near term,with a target price of MYR0.375, provided the MYR0.32 minor resistance can be breached. In the meantime, the stock may drift sideways if the MYR0.295 level cannot be breached. Support may then be found at MYR0.25, where traders can exit upon a breach.
Media Prima was testing the MYR1.27 level in its latest session. Traders may anticipate a further technical rebound if this level is breached in the near term, with a target price of MYR1.36, followed by MYR1.51. In the meantime, the stock may drift sideways if the MYR1.27 level cannot be breached. Support may then be found at MYR1.15, where traders can exit upon a breach. Alternatively, the more critical MYR1.05 level can be used instead.
Sam Engineering & Equipment was testing the MYR6.00 level in its latest session. Traders may anticipate a bullish bias if this level is breached in the near term, with a target price of MYR6.50, followed by MYR7.00. In the meantime, the stock may consolidate further if the MYR6.00 level cannot be breached. Support may then be found at MYR5.50, where traders can exit upon a breach to avoid risk of afurther correction.
Borneo Oil was testing the MYR0.575 level and 50-day MAV line in its latest session. Traders may expect further weakness if it fallsbelow this price, with the next support level anticipated at MYR0.53, followed by MYR0.485. The stock may trend sideways if it returns above the MYR0.575 level. A bullish bias may kick in if it rebounds above the MYR0.62 level.
Source: RHB Research - 2 Oct 2015
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SMRTCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016