RHB Research

Trading Stocks - 3 November 2015 - Tune Protect | LTKM | Uchi | Kronologi | SYF | Yoong Onn

kiasutrader
Publish date: Tue, 03 Nov 2015, 08:58 AM

Tune Protect Group may rebound further after crossing the 100-day MAV line and MYR1.43 level in its latest session. Traders may buy as a  bullish  bias could be present above this level, with a target priceof  MYR1.68.  The  stock  may  drift  sideways  if  it  cannot  hold  above the  MYR1.43  mark.  In  this  case,  further  support  is  anticipated  at MYR1.33, where traders can exit upon a breach.

 


LTKM  may trend higher after  climbing  above  the MYR1.75  level  to cross the 50-day MAV line, albeit marginally.  Traders may buy as  a bullish  bias could be present above this level, with a target price  of MYR2.07. The  stock may take a breather  if it cannot hold above the MYR1.75  mark.  In  this  case,  further  support  is  anticipated  at MYR1.65, where traders can exit upon a  breach  to avoid the risk of a further correction.

Uchi  Technologies  was  testing  the  MYR1.73  resistance  level  in  its latest session. Traders may buy if this level is breached in the near term,  with  a  target  price  of  MYR1.92.  In  the  meantime,  the  stock may drift lower if the MYR1.73 level cannot be breached.  Support may  then  be  found  at  MYR1.63,  where  traders  can  exit  upon  a breach.

 

Kronologi Asia  may climb higher  after  closing above  the MYR0.215level in its latest session.  Traders may buy as a bullish  bias could be present above this level, with a target price  of MYR0.255. The  stock may take a breather if it cannot sustain above the MYR0.215  mark. In  this  case,  further  support  is  anticipated  at  MYR0.195,  where traders can exit upon a breach.

 

SYF Resources  may trend higher after closing above the MYR0.495 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 MYR0.555. The  stock may take a breather if it cannot sustain above the  MYR0.495  mark.  In  this  case,  further  support  is  anticipated  at MYR0.45, where traders can exit upon a breach.

 

Yoong Onn Corporation  may trend  higher  after climbing above the MYR1.00  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 MYR1.14. The  stock may take a breather if it cannot sustain above the MYR1.00 mark. In this case, further support is anticipated at MYR0.925, where traders can exit upon a breach.

Source: RHB Research - 3 Nov 2015

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