RHB Research

Trading Stocks - 19 October 2015 - Prestariang | Homeritz | SMRT | GOB | Pestech | Oceancash

kiasutrader
Publish date: Mon, 19 Oct 2015, 09:13 AM

Prestariang may climb higher after surpassing the MYR1.98 level  to cross the 5-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 MYR2.28, provided the MYR2.20 mark can be surpassed.  The  stock may consolidate further  if it  cannot hold above the MYR1.98  level. In  this  case,  further  support  is  anticipated  at  MYR1.83,  where traders can exit upon a breach.


Homeritz Corporation  climbed marginally  above the MYR1.18 level in its latest session to mark a new closing-high. Traders may buy if this breach is sustainable in the immediate term, with a target price of  MYR1.35.  In  the  meantime,  the  stock  may  take  a  breather  if  it cannot hold above the  MYR1.18  level.  Support may then be found at MYR1.02, where traders can exit upon a breach.

SMRT  may trend higher after  inching above the MYR0.305  level to touch the 100-day MAV line in its latest session. Traders may buy as a  bullish  bias could be present above this level, with a target priceof  MYR0.37.  The  stock  may  turn  sideways  if  it  cannot  hold  above the  MYR0.305  level.  In  this  case,  further  support  is  anticipated  at MYR0.275, where traders can exit upon a breach.

Global  Oriental  may  resume  its  uptrend  after  surpassing  the MYR0.615  level  in  its  latest  session.  Traders  may  buy  as  a  bullishbias  could  be  present  above  this  level,  with  a  target  price  of MYR0.68.  The  stock may resume its consolidation  if  it cannot hold above  the  MYR0.615  level.  In  this  case,  further  support  is anticipated at MYR0.57, where traders can exit upon a breach.

Pestech  International  may  trend  higher  after  recently  surpassing the  MYR6.00  level.  Traders  may  buy  as  a  bullish  bias  could  be present  above  this  level,  with  a  target  price  of  MYR6.75, followed by  MYR7.22.  The  stock  may  take  a  further  breather  if  it  dips  back below the MYR6.00  level. In this case,  further support is anticipated at MYR5.60, where traders can exit upon a breach.

 


Oceancash  Pacific  may  trend  higher  after  inching  above  the MYR0.37 level in its latest session.  Traders may buy as a bullish  bias could be present above this level, with a target price  of  MYR0.435. The  stock  may  turn  sideways  if  it  dips  back  below  the  MYR0.37level. In this case,  further support is anticipated at MYR0.34, where traders can exit upon a breach.

Source: RHB Research - 19 Oct 2015

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment