SapuraKencana  Petroleum  may  climb  higher  after  surpassing  the MYR2.03  level  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  MYR2.30, followed by MYR2.45.  The  stock may  drift sideways  if  it  cannot  hold  above  the  MYR2.03  level.  In  this  case, further  support  is  anticipated  at  MYR1.85,  where  traders  can  exit upon a breach.

Bumi Armada may trend higher after surpassing the MYR1.00 level as it positions firmly above the 50-day MAV line. Traders may buy as a  bullish  bias could be present above this level, with a target priceof MYR1.13, followed by MYR1.19. The stock may drift sideways if it cannot hold above the MYR1.00 level. In this case, further support is anticipated at MYR0.90, where traders can exit upon a breach.

GHL Systems may trend higher after surpassing the MYR1.05 level in its latest session.  Traders may buy as a bullish  bias could be present above  this  level,  with  a  target  price  of  MYR1.25,  assuming  the MYR1.21 level can be surpassed. The  stock may  consolidate furtherif  it  cannot  hold  above  the  MYR1.05  level.  In  this  case,  further support  is  anticipated  at  MYR0.98,  where  traders  can  exit  upon  abreach to avoid the risk of a further correction.

Eversendai  Corporation  may  trend  higher  after  surpassing  the MYR0.83  level  in its latest session  to touch the 100-day MAV line. Traders may buy as  a bullish  bias could be present above this level, with  a  target  price  of  MYR0.95,  if  the  MYR0.87  level  can  be surpassed. The stock may consolidate further if it cannot hold above the  MYR0.83  level.  In  this  case,  further  support  is  anticipated  at MYR0.76, where traders can exit upon a breach.

Perisai  Petroleum  Teknologi  may  rebound  further  after  surpassing the MYR0.365 level in its latest session. Traders may buy as a bullishbias  could  be  present  above  this  level,  with  a  target  price  of MYR0.43, followed by MYR0.465. The  stock may drift sideways if it cannot hold above the MYR0.365 level. In this case,  further support is anticipated at MYR0.325, where traders can exit upon a breach.

KNM  Group  may  rebound  further  after  surpassing  the  MYR0.53level  in  its  latest  session  to  touch  the  100-day  MAV  line.  Traders may buy as  a  bullish  bias could be present above this level, with a target  price  of  MYR0.625,  provided  the  MYR0.60  mark  can  be breached.  The  stock may drift sideways if  it cannot hold above the MYR0.53  level.  In  this  case,  further  support  is  anticipated  at MYR0.465, where traders can exit upon a breach.

Source: RHB Research - 8 Oct 2015