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
Chart | Stock Name | Last | Change | Volume |
---|
Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016