RHB Research

Trading Stocks - 6 November 2015 - Ho Hup | C.I. | Felda | SEAL | Asian Pac | Eversendai

kiasutrader
Publish date: Fri, 06 Nov 2015, 11:49 AM

Ho Hup Construction Company was testing the MYR1.03 resistance level  as  it  touches  the  100-day  MAV  line.  Traders  may  buy  if  this level is breached in the near term, with a target price of MYR1.17. In the meantime, the stock may consolidate further  if the MYR1.03level  cannot  be  breached  firmly.  Support  may  then  be  found  at MYR0.96, where traders can exit upon a breach.

 

C.I.  Holdings  was  testing  the  MYR2.40  resistance  level  in  its  latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.77. In the meantime, the stock may drift sideways  if  the  MYR2.40  level  cannot  be  breached.  Support  may then be found at MYR2.15, where traders can exit upon a breach.

Felda  Global  Ventures  may  trend  higher  after  surpassing  the MYR1.85 lvel and 200-day MAV line.  Traders may buy as  a  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR2.20.  The  stock may take a breather if  it cannot sustain above the  MYR1.85  mark.  In  this  case,  further  support  is  anticipated  at MYR1.70, where traders can exit upon a breach.

 

SEAL Incorporated may climb higher after crossing the 100-day MAV line  and  MYR0.52  level  in  its  latest  session.  Traders  may  buy  as  a bullish  bias could be present above this level, with a target price  of MYR0.63.  The  stock may take a breather if  it cannot sustain above the  MYR0.52  mark.  In  this  case,  further  support  is  anticipated  at MYR0.485, where traders can exit upon a breach.

Asian  Pac  may  rebound  further  after  inching  above  the  MYR0.22level  in  its  latest  session,  albeit  marginally.  Traders  may  buy  as  a bullish  bias could be  present  above this level, with a  target price  of MYR0.25.  The  stock  may  drift  sideways  if  it  cannot  sustain  above the  MYR0.22  mark.  In  this  case,  further  support  is  anticipated  at MYR0.20, where traders can exit upon a breach.

 

Eversendai Corporation  may soon  test the MYR0.87  resistance level after breaching the downtrend line to touch the 100-day MAV line. Traders  may  buy  if  this  level  is  breached  in  the  near  term,  with  a target  price  of  MYR0.98,  assuming  the  MYR0.95  level  can  be surpassed.  In  the  meantime,  the  stock  may  turn  sideways  if  the MYR0.87  level cannot be breached. Support may then be found at MYR0.775, where traders can exit upon a breach.

Source: RHB Research - 6 Nov 2015

 

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