Malaysian  Resources  Corporation  may  trend  higher  after  inching above  the  MYR1.20  level,  aleit  marginally,  to  touch  the  200-day MAV line.  Traders may buy as a bullish  bias could be present above this  level,  with  a  target  price  of  MYR1.35.  The  stock  may  move sideways  if  it  cannot  hold  above  the  MYR1.20  level.  In  this  case, further  support  is  anticipated  at  MYR1.14,  where  traders  can  exit upon a breach.

Censof Holdings  was testing the MYR0.30 level in its latest session as it touched the 100-day MAV line. Traders may buy if this level is breached in the near term, with a target  price of MYR0.345. In the meantime, the stock may drift sideways if the MYR0.30 level cannot be  breached.  Support  may  then  be  found  at  MYR0.265,  where traders can exit upon a breach.

UEM Sunrise may soon test the MYR1.26 level as it positions slightly above the  200-day MAV line again. Traders may buy if this level is breached  in  the  near  term,  with  a  target  price  of  MYR1.40. In  the meantime, the stock may drift sideways if the MYR1.26 level cannot be  breached.  Support  may  then  be  found  at  MYR1.14,  where traders can exit upon a breach.

Felda  Global  Ventures  (FGV)  was  testing  the  MYR1.75  level  in  its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.86, followed by MYR2.00. In the meantime, the stock may drift sideways if the MYR1.75 level cannot be  breached.  Support  may  then  be  found  at  MYR1.43,  where traders can exit upon a breach.

Only World Group (OWG) was testing the MYR2.48 level in its latest session  after crossing the 50-day MAV line. Traders may buy if this level is breached in the near term,  with a target price of MYR2.71. In the meantime, the stock may consolidate further if the MYR2.48 level cannot be breached. Support may then be found at MYR2.20, where traders can exit upon a breach.

Dagang Nexchange (DNEX) may rebound further after gaining above the  MYR0.245  level  and  100-day  MAV  line,  albeit  marginally. Traders may buy as  a bullish  bias could be present above this level, with a target price  of  MYR0.285.  The  stock may drift sideways if  it cannot hold  above the MYR0.245  level. In this case,  further support is anticipated at MYR0.23, where traders can exit upon a breach.

Source: RHB Research - 15 Oct 2015