SapuraKencana  Petroleum  may  trend  higher  after  breaching  the100-day MAV line and MYR2.25 level, albeit marginally. Traders may buy as a bullish  bias could be present above this level, with a target price  of MYR2.45, followed by MYR2.60.  The  stock may consolidate further  if  it  cannot  sustain  above  the  MYR2.25  mark.  In  this  case, further  support  is  anticipated  at  MYR2.09,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

Hovid  may trend higher after climbing  above  the MYR0.495  level  in its latest session. Traders may buy as a bullish  bias could be present above this level, with a  MYR0.555  TP,  assuming the MYR0.535 level can  be  surpassed.  The  stock  may  take  a  breather  if  it  cannot  hold above  the  MYR0.495  mark.  In  this  case,  further  support  is anticipated at MYR0.475, where traders can exit upon a  breach  to avoid the risk of a further correction.

Yong Tai may trend higher after surpassing the MYR0.66 level in its latest  session Trders  may  buy  as  a  bullish  bias  could  be  present above this level, with a MYR0.735 TP. The stock may take a breather if  it  cannot  sustain  above  the  MYR0.66  mark.  In  this  case,  further support is anticipated at MYR0.615, where traders can exit upon abreach.

MMS  Ventures  (MMSV)  may  climb  higher  after  its  gap  above  the MYR0.725  level.  Traders may buy as  a bullish  bias could be present above  this  level,  with  a  MYR0.87  TP,  assuming  the  MYR0.81resistance  level  can be surpassed.  The  stock may take a breather if it  cannot  sustain  above  the  MYR0.725  mark.  In  this  case,  further support is anticipated at MYR0.675, where traders can exit upon abreach to avoid the risk of a further correction.

Sedania Innovator may rebound further after recovering back above the  MYR0.445  level  in  its  latest  session,  albeit  marginally.  Traders may  buy  as  a  short-term  bullish  bias  could  be  present  above  thi level, with a  MYR0.52  TP.  The  stock may drift sideways  if it cannot sustain  above  the  MYR0.445  mark.  In  this  case,  further  support  is anticipated at MYR0.405, where traders can exit upon a breach.

JHM  Consolidation  was  testing  the  MYR0.49  resistance  level  in  its latest session. Traders may buy if this level is breached in the near term,  with  a  MYR0.54  TP.  In  the  meantime,  the  stock  may  turn sideways  if  the  MYR0.49  level  cannot  be  breached.  Support  may then be found at MYR0.43, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 5 Nov 2015