Bioalpha  may trend higher after  inching above the MYR0.325  levelin 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,  assuming  the  MYR0.345  level  can  be  surpassed.  The stock may turn sideways if it cannot hold above the MYR0.325 level. In  this  case,  further  support  is  anticipated  at  MYR0.30,  wheretraders can exit upon a breach.

Oriental  Food  Industries  may  trend  higher  after  gaining  above  the MYR2.28  level to ink  a new  high. Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR2.70. The stock may  consolidate  if it dips  back  below the MYR2.28  mark. In  this  case,  further  support  is  anticipated  at  MYR2.11,  wheretraders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

SapuraKencana Petroleum was testing the MYR2.25 resistance level in its latest session.  Traders may buy if this level is breached in the near  term,  with  a  target  price  of  MYR2.46.  In  the  meantime,  the stock  may  consolidate  further  if  the  MYR2.25  level  cannot  be breached.  Support  may  then  be  found  at  MYR2.07,  where  traders can exit upon a breach to avoid the risk of a further correction.

IJM  Corporation  may  soon  test  the  MYR3.46  resistance  level  after crossing  the  200-day  MAV  line.  Traders  may  buy  if  this  level  is breached in the near term, with a target price of MYR3.75.  On the other hand, the stock may consolidate further if the MYR3.46 level cannot  be  breached.  Support  may  then  be  found  at  MYR3.20, where traders can exit upon a breach.

KNM  Group  breached  the  downtrend  line  to  test  the  MYR0.55 resistance level in its latest session. Traders may buy if this level is breached  in  the  near  term,  with  a  target  price  of  MYR0.625, assuming  the  MYR0.58  level  can  be  surpassed.  Meanwhile,  the stock  may  consolidate  further  if  the  MYR0.55  level  cannot  be breached.  Support  may  then  be  found  at  MYR0.50,  where  traders can exit upon a breach.

Ajinomoto  may trend higher after  surpassing the MYR6.50 level to hit a new multi-year high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR7.70. The stock may  consolidate  if  it  dips  back  below  the  MYR6.50  mark.  In  this case, further support is anticipated at MYR6.00, where  traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 27 Nov 2015