Heng Huat Resources Group may trend higher after surpassing the MYR0.465 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.525. The stock may turn sideways if it cannot hold above the MYR0.465 level. In this case, further support is anticipated at MYR0.425, where traders can exit upon a breach to avoid the risk of a further correction.
SHH Resources may trend higher after surpassing the MYR1.53 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.80, assuming it can surpass the MYR1.66 level. The stock may drift sideways if it cannot hold above the MYR1.53 mark. In this case, further support is anticipated at MYR1.43, where traders can exit upon a breach to avoid the risk of a further correction.
PW Consolidated may rebound further after surpassing the MYR1.18 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.34, followed by MYR1.43. The stock may drift sideways if it cannot hold above the MYR1.18 level. In this case, further support is anticipated at MYR1.10, where traders can exit upon a breach.
Malaysia Building Society (MBSM) was testing the MYR1.50 level after recovering above the 50-day MAV line. Traders may buy if this level is breached in the near term, with a target price of MYR1.88. In the meantime, the stock may drift sideways if the MYR1.50 level cannot be breached. Support may then be found at MYR1.44, where traders can exit upon a breach.
LCTH was testing the MYR0.66 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 MYR0.70, followed by MYR0.775. In the meantime, the stock may consolidate further if the MYR0.66 level cannot be breached. Support may then be found at MYR0.61, where traders can exit upon a breach to avoid the risk of a further correction.
SCC Holdings was testing the MYR2.00 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 MYR2.30. In the meantime, the stock may consolidate further if the MYR2.00 level cannot be breached. Support may then be found at MYR1.70, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 5 Oct 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016