TDM may climb higher after surpassing the MYR0.675 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.75, followed by MYR0.80. The stock may drift sideways if it cannot hold above the MYR0.675 mark. In this case, further support is anticipated at MYR0.635, where traders can exit upon a breach.
KSL Holdings was testing the MYR1.64 level in its latest session after inching above the 100-day MAV line. Traders may buy if this level is breached in the near term, with a target price of MYR1.83, assuming the MYR1.75 level can be surpassed. In the meantime, the stock may trade sideways if the MYR1.64 level cannot be breached. Support may then be found at MYR1.50, where traders can exit upon a breach.
Karex may trend higher after surpassing the MYR3.40 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR3.60, followed by MYR4.00. The stock may consolidate further if it cannot hold above the MYR3.40 mark. In this case, further support is anticipated at MYR3.23, where traders can exit upon a breach to avoid a potential further correction.
Hartalega may trend higher after surpassing the MYR4.82 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR5.35, followed by MYR5.65. The stock may consolidate further if it cannot hold above the MYR4.82 mark. In this case, further support is anticipated at MYR4.65, where traders can exit upon a breach to avoid a potential further correction.
Weida may climb higher after inching above the MYR1.65 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.78, followed by MYR1.87. The stock may consolidate further if it cannot hold above the MYR1.65 mark. In this case, further support is anticipated at MYR1.60, where traders can exit upon a breach.
IFCA MSC was testing the MYR0.905 support level in its latest session. Traders may expect further weakness if it breaches this level in the near term, with the next support level anticipated at MYR0.86, followed by MYR0.80. The stock may trend sideways if it sustains above the MYR0.905 level. The bullish bias may kick in if it surpasses the MYR1.00 level.
Source: RHB Research - 21 Oct 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016