RHB Research

Trading Stocks - 11 November 2015 - L&G | LB Aluminium | AWC | Muda | Armada | Hartalega

kiasutrader
Publish date: Wed, 11 Nov 2015, 09:16 AM

Land  &  General  may  trend  higher  after  surpassing  the  MYR0.445 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a MYR0.50 TP, followed by MYR0.535. The  stock  may  consolidate  further  if  it  cannot  sustain  above  the MYR0.445  mark.  In  this  case,  further  support  is  anticipated  at MYR0.415, where traders can exit upon a breach.

 

LB Aluminium may trend higher  after surpassing the MYR0.52 level in  its  latest  session.  Traders  may  buy  as  a  bullish  bias  could  be present  above  this  level,  with  a  MYR0.625  TP.  The  stock  may consolidate further if it cannot sustain above the MYR0.52 mark. In this  case,  further  support  is  anticipated  at  MYR0.48,  where  traders can exit upon a breach.

 

AWC  may  trend  higher  after  surpassing  the  MYR0.40  level  in  its latest  session.  Traders  may  buy  as  a  bullish  bias  could  be  present above  this  level,  with  a  MYR0.425  TP,  followed  by  MYR0.485.  The stock  may  consolidate  further  if  it  cannot  sustain  above  the MYR0.40  mark.  In  this  case,  further  support  is  anticipated  at MYR0.365, where traders can exit upon a breach.

 

Muda Holdings may trend higher after climbing above the MYR1.44 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a MYR1.82 TP, assuming the MYR1.75 level  can  be  surpassed.  The  stock  may  drift  sideways  if  it  cannot sustain  above  the  MYR1.44  mark.  In  this  case,  further  support  is anticipated at MYR1.30, where traders can exit upon a breach.

 

Bumi  Armada  may  trend  higher  after  climbing  above  the  MYR1.05 level and 100-day MAV line in its latest session. Traders may buy as a bullish bias could be present above this level, with a MYR1.30 TP. The stock may retrace and consolidate if it cannot sustain above the MYR1.05  mark.  In  this  case,  further  support  is  anticipated  at MYR0.935, where traders can exit upon a breach.

 

Hartalega may trend higher after climbing above the MYR5.35 level in  its  latest  session.  Traders  may  buy  as  a  bullish  bias  could  be present above this level, with a MYR6.00 TP, followed by MYR6.35. The stock may turn sideways if it cannot sustain above the MYR5.35 mark. In this case, further support is anticipated at MYR5.15, where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

Source: RHB Research - 11 Nov 2015

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1 person likes this. Showing 1 of 1 comments

aa88

armada no news is good news

2015-11-17 10:32

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