RHB Research

Trading Stocks - 13 November 2015 - Careplus | LCTH | GOB | Comfort Gloves | Ni Hsin | Salcon

kiasutrader
Publish date: Fri, 13 Nov 2015, 08:55 AM

Careplus  Group  may  trend  higher  after  sustaining  above  the MYR0.56 level in its latest session. Traders may buy, as a bullish bias could be present above this level, with a target price  of  MYR0.645. The  stock  may  fail  to  consolidate  if  it  cannot  sustain  above  the MYR0.56  mark.  In  this  case,  further  support  is  anticipated  at MYR0.52, where traders can exit upon a  breach  to avoid the risk of a further correction.

 

LCTH  Corporation  may  trend  higher  after  surpassing  the  MYR0.74level in its latest session.  Traders may buy as a bullish  bias could be present above this level, with a target price  of MYR0.875. The  stock may take a breather if it cannot sustain above the MYR0.74 mark. In this case,  further support is anticipated at MYR0.68, where traders can exit upon a breach to avoid the risk of a further correction.

 

Global  Oriental  was  testing  the  MYR0.635  resistance  level  in  its latest session. Traders may buy  if this level is breached in the near term, with a target price of MYR0.68, followed by MYR0.74. In the meantime, the stock may consolidate further if the MYR0.635 level cannot  be  breached.  Support  may  then  be  found  at  MYR0.57, where traders can exit upon  a breach to avoid the risk of a further correction.

 

Comfort  Gloves  was  testing  the  MYR0.815  resistance  level  in  its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.875. In the meantime, the stock may consolidate  further  if the MYR0.815  level cannot be breached. Support  may  then  be  found  at  MYR0.765,  where  traders  can  exit upon a breach.

 

Ni  Hsin  Resources  may  trend  higher  inching  above  the  MYR0.34 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 MYR0.385. The stock may take a breather if it cannot sustain above the  MYR0.34  mark.  In  this  case,  further  support  is  anticipated  at MYR0.30, where traders can exit upon a  breach to avoid the risk of a further correction.

 


Salcon  was testing the MYR0.69 resistance level in its latest session. Traders  may  buy  if  this  level  is  breached  in  the  near  term,  with  a target  price  of  MYR0.77.  In  the  meantime,  the  stock  may consolidate  further  if  the  MYR0.69  level  cannot  be  breached. Support  may  then  be  found  at  MYR0.625,  where  traders  can  exit upon a breach.

Source: RHB Research - 13 Nov 2015

 

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1 person likes this. Showing 3 of 3 comments

davidkkw79

Can trust ?

2015-11-15 08:33

RainT

Cannot

2015-11-15 08:43

davidkkw79

Let's see whether can trust or not on Monday. :)

2015-11-15 18:24

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