RHB Research

Trading Stocks - 20 November 2015 - KESM | GPacket | Harbour-Link | Prolexus | K-One | BTM

kiasutrader
Publish date: Fri, 20 Nov 2015, 10:44 AM

KESM  Industries  may  trend  higher  after  breaching  the  MYR5.10 level to  extend its multi-year high in its latest sesison.  Traders may buy, as a bullish bias could be present above this level, with a target price  of MYR5.60, followed by MYR6.15.  The  stock may consolidatefurther  if  it  cannot  sustain  above  the  MYR5.10  mark.  In  this  case, further  support  is  anticipated  at  MYR4.81,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

 


Green  Packet  may  climb  higher  after  inching  above  the  MYR0.255level in its latest session.  Traders may buy as a bullish  bias could be present above this level, with a target price  of  MYR0.295, followed by MYR0.32. The  stock may drift sideways if it cannot sustain above the  MYR0.255  mark.  In  this  case,  further  support  is  anticipated  at MYR0.23, where traders can exit upon a  breach to avoid the risk of a further correction.

 

Harbour-Link  Group  may  trend  higher  after  recently  sustaining above the MYR2.90 level and hitting a new high in its latest session. Traders may buy as  a bullish  bias could be present above this level, with  a  target  price  of  MYR3.30,  followed  by  MYR3.50.  The  stock may take a breather if it cannot sustain above the MYR2.90 mark. In this case,  further support is  anticipated at MYR2.70, where traders can exit upon a breach to avoid the risk of a further correction.

 

Prolexus may trend higher  after  breaching the MYR2.65 level in its latest  session,  albeit  marginally  to  ink  a  new  closing  high.  Traders may buy as  a  bullish  bias could be present above this level, with a target  price  of  MYR3.00,  followed  by  MYR3.15.  The  stock  may consolidate further if it cannot sustain above the MYR2.65 mark. In this case,  further support is anticipated at MYR2.44, where traders can exit upon a breach to avoid the risk of a further correction.

 

K-One  Technology  was  testing  the  MYR0.32  resistance  level  in  its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.35, followed by MYR0.40. In the meantime,  the  stock  may  consolidate  further  if  the  MYR0.32  level cannot  be  breached.  Support  may  then  be  found  at  MYR0.275, where traders can exit upon a breach.

 

BTM  Resources  was  testing  the  MYR0.355  resistance  level  in  its latest session. Traders may uy if this level is breached in the near term,  with  a  target  price  of  MYR0.42.  In  the  meantime,  the  stock may  move  sideways  if  the  MYR0.355  level  cannot  be  breached. Support  may  then  be  found  at  MYR0.315,  where  traders  can  exit upon a breach.

Source: RHB Research - 20 Nov 2015

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