RHB Research

Trading Stocks - 21 October 2015 - TDM | KSL | Karex | Hartalega | Weida | IFCA MSC

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Publish date: Wed, 21 Oct 2015, 09:22 AM

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

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