RHB Research

Trading Stocks - 2 November 2015 - Ideal Jacobs | Weida | JAKS | Lay Hong | LCTH | Lee Swee Kiat

kiasutrader
Publish date: Mon, 02 Nov 2015, 09:13 AM

Ideal  Jacobs  may  rebound  further  after  crossing  the  100-day  MAV line  and  MYR0.20  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  MYR0.23,  followed  by  MYR0.26.  The  stock may drift sideways if it cannot hold above the MYR0.20 mark. In this case, further support is anticipated at MYR0.175, where traders can exit upon a breach.


Weida  may trend higher after climbing  above  the MYR1.71  level  in its latest session. Traders may buy as a bullish  bias could be present above  this  level,  with  a  target  price  of  MYR1.87,  followed  by MYR2.03. The  stock may take a breather  if it cannot hold above the MYR1.71  mark.  In  this  case,  further  support  is  anticipaed  at MYR1.60, where traders can exit upon a  breach  to avoid the risk of a further correction.

 

JAKS Resources  may climb  higher after inching  above the MYR1.19level in its latest session  to close at a multi-year high.  Traders may buy as a bullish  bias could be present above this level, with a target price of MYR1.34, followed by MYR1.42. The stock may drift lower if it  cannot  sustain  above  the  MYR1.19  mark.  In  this  case,  further support  is  anticipated  at  MYR1.08,  where  traders  can  exit  upon  abreach to avoid the risk of a further correction.

 

Lay Hong may climb higher, after  gaining above the MYR5.60 level in  its  latest  session  to  close  at  a  new  high.  Traders  may  buy  as  a bullish  bias could be present above this level, with a target  price  of MYR6.40 assuming the MYR6.00 level can be surpassed.  The  stock may take a breather if it cannot sustain above the MYR5.60 mark. In this case,  further support is anticipated at MYR5.25, where traders can exit upon a breach to avoid the risk of a further correction.

 

LCTH  was  testing the MYR0.74  resistance level in its latest session. Traders  may  buy  if  this  level  is  breached  in  the  near  term,  with  a target  price of MYR0.815, followed by  MYR0.85. In the meantime, the  stock  may  take  a  breather  if  the  MYR0.74  level  cannot  be breached.  Support  may  then  be  found  at  MYR0.68,  where  traders can exit upon a breach to avoid the risk of a further correction.

 


Lee Swee Kiat Group  was  testing the MYR0.315 resistance level in its  recent  session.  Traders  may  buy  if  this  level  is  breached  in  the near term, with a target price of MYR0.365, assuming the MYR0.335 resistance level can be surpassed. In the meantime, the stock  maytrend sideways if the MYR0.315 level cannot be breached. Support may  then  be  found  at  MYR0.285,  where  traders  can  exit  upon  a breach.

Source: RHB Research - 2 Nov 2015

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment