RHB Research

Trading Stocks - 4 November 2015 - Karex | Prestariang | GDex | D&O Green | Frontken | Comintel

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Publish date: Wed, 04 Nov 2015, 09:24 AM

Karex  may  trend  higher  after  breaching  the  MYR3.60  level  in  its latest  session  to  hit  a  new  high.  Traders  may  buy  as  a  bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR4.00, followed by MYR4.28.  The  stock may  fail to consolidate  if it cannot hold  above  the  MYR3.60  mark.  In  this  case,  further  support  is anicipated  at  MYR3.42,  where  traders  can  exit  upon  a   breach  to avoid the risk of a further correction.

 


Prestariang  may  trend  higher  after  climbing  above  the  MYR2.43level  in  its  latest  session  with  a  bullish  white  candle.  Traders  may buy as a bullish  bias could be present above this level, with a target price  of  MYR2.72,  followed  by  MYR3.05.  The  stock  may  take  a breather  if  it  cannot  hold  above  the  MYR2.43  mark.  In  this  case, further  support  is  anticipated  at  MYR2.28,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

 

GD Express Carrier (GDEX)  was testing the MYR1.45  resistance level in its latest session. Traders may buy if this level is breached in the near  term,  with  a  target  price  of  MYR1.65.  In  the  meantime,  the stock  may  consolidate  further  if  the  MYR1.45  level  cannot  be breached.  Support  may  then  be  found  at  MYR1.32,  where  traders can exit upon a breach to avoid the risk of a further pullback.

 

D&O Green Technologies  may climb higher  after  closing above  the MYR0.385  level  in  its  latest  session.  Traders  may  buy  as  a  bullishbias  could  be  present  above  this  level,  with  a  target  price  of MYR0.46, assuming the MYR4.05 resistance can be surpassed.  Thestock may take a breather if  it cannot sustain above the MYR0.385mark. In this case, further support is anticipated at MYR0.36, where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

 

Frontken  Corporation  may  trend  higher  after  inching  above  the MYR0.235  level  in  its  latest  session.  Traders  may  buy  as  a  bullishbias  could  be  present  above  this  level,  with  a  target  price  of MYR0.28, followed by MYR0.30.  The  stock may take a breather if it cannot  sustain  above  the MYR0.235  mark.  In  this  case,  further support is anticipated at MYR0.215, where traders can exit upon abreach.

 


Comintel  Corporation  may  trend  higher  after  inching  above  the MYR0.32  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  MYR0.365.  The  stock  may  take  a  breather  if  it  cannot sustain  above  the  MYR0.32  mark.  In  this  case,  further  support  is anticipated at MYR0.29, where traders can exit upon a breach.

Source: RHB Research - 4 Nov 2015

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