Tek Seng  was testing the MYR0.565 level in its latest  session after crossing  the  200-day  MAV  line.  Traders  may  buy  if  this  level  is breached in the near term, with a target price of MYR0.635. In the meantime,  the  stock  may  trade  sideways  if  the  MYR0.565  level cannot  be  breached.  Support  may  then  be  found  at  MYR0.525, where  traders  can  exit  upon  a  breach  to  avoid  a  potential  further correction.

JCY  International  was  testing  the  MYR0.775  level  in  its  latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.865, assuming the MYR0.815 level can be surpassed. In the meantime, the stock may take a breather if the MYR0.775 level cannot be breached. Support may then be found at MYR0.72, where traders can exit upon a breach.

Borneo  Aqua  Harvest  may  trend  higher  after  surpassing  the MYR0.92  level  in  its  latest  session,  albeit  marginally.  Traders  may buy as a bullish  bias could be present above this level, with a target price  of  MYR1.06,  assuming  the  MYR1.00  level  can  be  surpassed. The  stock  may  consolidate  further  if  it  cannot  hold  above  the MYR0.92  mark.  In  this  case,  further  support  is  anticipated  at MYR0.85, where traders can exit upon a breach.

Dufu Technology Corporation may trend higher after jumping above the MYR0.325 level and 200-day MAV line, despite forming a ‘Doji’ candle pattern.  Traders may buy as  a  bullish  bias could be present above  this  level,  with  a  target  price  of  MYR0.395,  assuming  the MYR0.365  level  can  be  surpassed.  The  stock  may  drift  lower  if  it cannot hold above the MYR0.325 mark. In this case, further support is anticipated at MYR0.30, where traders can exit upon a breach.

Pesdec  may trend higher after surpassing the MYR0.37 level, albeit marginally  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 MYR0.45, assuming the MYR0.40  level can be surpassed.  The  stock may drift sideways if it cannot hold above the MYR0.37 mark. In this case,  furthe support is anticipated at MYR0.33, where traders can exit upon a breach.

UEM  Sunrise  was  testing  the  MYR1.28  level  in  its  latest  session. Traders  may  buy  if  this  level  is  breached  in  the  near  term,  with  a target  price  of  MYR1.40,  followed  by  MYR1.55.  In  the  meantime, the  stock  may  consolidate  further  if  the  MYR1.28  level  cannot  be breached.  Support  may  then  be  found  at  MYR1.14,  where  traders can exit upon a breach.

Source: RHB Research - 23 Oct 2015