OKA  Corporation  may  trend  higher  after  surpassing  the  MYR0.925 level in its latest session. Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR1.06.  The  stock may  consolidate  further  if  it  cannot  sustain  above  the  MYR0.925 level. In this case, further support is anticipated at MYR0.85, where traders can exit upon a breach.

Mitrajaya  may  soon  test  the  MYR1.30  resistance  level  after breaching the downtrend line in its latest session. Traders may buy if  this  level  is  breached  in  the  near  term,  with  a  target  price  of MYR1.48,  provided  that  the  MYR1.35  resistance  level  can  be breached. In the meantime, the stock may pull back and consolidate further  if  the  MYR1.30  level  cannot  be  surpassed.  Further  support may  then  be  found  at  MYR1.16,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Ewein  may  trend  higher  after  jumping  above  the  MYR1.01  level  in its latest session. Traders may buy as a bullish bias could be present above  this  level,  with  a  target  price  of  MYR1.17  assuming  the MYR1.09 level can be surpassed. The stock may move sideways if it falls  back  below  the  MYR1.01  level  in  the  near  term.  In  this scenario, further support is anticipated at MYR0.965, where traders can exit upon a breach to avoid the risk of a further correction.

EG  Industries  may  trend  higher  –  after  surpassing  the  MYR0.855 level in its latest session – to extend its multi-year high. Traders may buy as a bullish bias could be present above this level, with a target price  of  MYR1.00.  The  stock  may  turn  sideways  if  it  cannot  sustain above  the  MYR0.855  level.  In  this  case,  further  support  is anticipated  at  MYR0.785,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Global  Oriental  may  trend  higher  after  surpassing  the  MYR0.635 level in its latest session. Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR0.68,  followed by MYR0.74. The stock may turn sideways if it cannot sustain above the  MYR0.635  level.  In  this  case,  further  support  is  anticipated  at MYR0.57, where traders can exit upon a breach to avoid the risk of a further correction.

Eversendai  Corporation  may  trend  higher  after  surpassing  the MYR0.875  level  in  its  latest  session.  Traders  may  buy  as  a  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR1.01, provided that the MYR0.95 threshold can be urpassd. The stock  may  consolidate  if  it  cannot  sustain  above  the  MYR0.875 level. In this case, further support is anticipated at MYR0.84, where traders can exit upon a breach.

Source: RHB Research - 24 Nov 2015