Taliworks  Corporation  was  testing  the  MYR1.60  resistance  level  in its  latest  session.  Traders  may  buy  if  this  level  is  breached  in  the near term, with a MYR1.83 TP. In the meantime, the stock may drift sideways  if  the  MYR1.60  level  cannot  be  breached.  Support  may then be found at MYR1.49, where traders can exit upon a breach to avoid the risk of a further correction.

Petra  Energy  may  rebound  further  after  surpassing  the  200-day MAV line and MYR1.34 level in its latest session. Traders may buy as a bullish  bias could be present above this level, with a  MYR1.53  TP, followed  by  MYR1.62.  The  stock  may  take  a  breather  if  it  cannot sustain  above  the  MYR1.34  mark.  In  this  case,  further  support  is anticipated  at  MYR1.25,  where  traders  can  exit  upon  a   breach  to avoid the risk of a further correction.

Insas may rebound further after inching above the MYR0.86 level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with  a MYR0.925  TP, followed by MYR0.975. The  stock may take a breather if it cannot sustain above the  MYR0.86  mark.  In  this  case,  further  support  is  anticipated  at MYR0.78, where traders can exit upon a breach.

Denko Industrial Corporation may trend higher after inching above the  MYR0.35  level  in  its  latest  session,  albeit  marginally.  Traders may buy as  a  bullish  bias could be present above this level, with a MYR0.405  TP, assuming the MYR0.385 level can be overcome.  Thestock  may  take  a  breather  if  it  cannot  sustain  above  the  MYR0.35 mark. In this case, further support is anticipated at MYR0.32, where traders can exit upon a breach.

Elsoft Research was testing the MYR1.97 resistance level in its latest session. Traders may buy if this level is breached in the near term, with  a  MYR2.18  TP,  followed  by  MYR2.30.  In  the  meantime,  the stock  may  consolidate  further  if  the  MYR1.97  level  cannot  be breached.  Support  may  then  be  found  at  MYR1.78,  where  traders can exit upon a breach.

Ire-Tex Corporation was testing the MYR0.33  resistance level in its latest session. Traders may buy if this level is breached in the near term, with a MYR0.37  TP, followed by MYR0.40. In the meantime, the  stock  may  consolidate  further  if  the  MYR0.33  level  cannot  be breached. Support  may then be found at MYR0.285, where traders can exit upon a breach.

Source: RHB Research - 16 Nov 2015