RHB Research

Trading Stocks - 30 October 2015 - SBC | Jerasia | Gadang | MRCB | MYEG | Managepay

kiasutrader
Publish date: Fri, 30 Oct 2015, 09:28 AM

SBC Corporation  may rebound further  after surpassing  the MY0.85level  and 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 MYR0.98, followed by MYR1.06. The stock may drift sideways if it cannot hold above the MYR0.85  mark. In this case, further support is anticipated at MYR0.80, where traders can exit upon a breach.

 

Jerasia Capital  may trend higher after climbing above the MYR0.715level  in  its  latest  session  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 MYR0.88.  The  stock may  drift lower  if it cannot hold above  the  MYR0.715  mark.  In  this  case,  further  support  is anticipated at MYR0.65, where traders can exit upon a breach.

 

Gadang Holdings may climb higher after inching above the MYR1.56level  in  its  latest  session,  albeit  marginally.  Traders  may  buy  as  a bullish  bias could be present above this level, with a target price  of MYR1.64,  followed  by  MYR1.76.  The  stock  may  drift  lower  if  it cannot  sustain  above  the  MYR1.56  mark.  In  this  case,  further support  is  anticipated  at  MYR1.45,  where  traders  can  exit  upon  abreach.

 

Malaysian Resources Corporation (MRCB) was testing the MYR1.28 resistanc level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.37, followed by MYR1.45. In the meantime, the stock may take a breather if the MYR1.28 level cannot be breached. Support may then be found at MYR1.18, where traders can exit upon a breach.

 

My  E.G.  Services  was  testing  the  MYR3.00  resistance  level  in  its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR3.25, followed by MYR3.40. In the meantime,  the  stock  may  take  a  breather  if  the  MYR3.00  level cannot  be  breached.  Support  may  then  be  found  at  MYR2.67, where traders can exit upon a breach.

 


Managepay  Systems  (MPAY)  was  testing  the  MYR0.285  resistance level in  its  recent session. Traders may buy if this level is breached in  the  near  term,  with  a  target  price  of  MYR0.315,  followed  by MYR0.34.  In  the  meantime,  the  stock  may  trend  sideways  if  the MYR0.285 level cannot be breached. Support may then be found at MYR0.265, where traders can exit upon a breach.

Source: RHB Research - 30 Oct 2015

 

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