Minho may trend higher after surpassing the MYR1.42 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.55, followed by MYR1.68. The stock may turn sideways if it cannot hold above the MYR1.42 level. In this case, further support is anticipated at MYR1.30, where traders can exit upon a breach.
GHL Systems rebounded to test the MYR1.06 resistance level and 100-day MAV line in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.17. In the meantime, the stock may drift lower if the MYR1.06 level cannot be breached. Support may then be found at MYR0.98, where traders can exit upon a breach
UOA Development was testing the MYR2.19 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.30, followed by MYR2.42. In the meantime, the stock may consolidate further if the MYR2.19 level cannot be breached. Support may then be found at MYR2.05, where traders can exit upon a breach.
Petra Energy may climb higher after breaching the MYR1.42 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.53, followed by MYR1.62. The stock may turn sideways if it cannot violate the MYR1.42 mark. In this case, support is anticipated at MYR1.34, where traders can exit upon a breach.
Rexit may resume its uptrend after rebounding back above the MYR0.675 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.75. The stock may drift sideways if it cannot sustain above the MYR0.675 mark. In this case, further support is anticipated at MYR0.59, where traders can exit upon a breach.
UEM Sunrise was testing the MYR1.14 support level in its latest session. Traders may expect further weakness if it breaches this level in the near term, with the next support level anticipated at MYR1.04. The stock may trend sideways if it holds above the MYR1.14 mark. The short-term bearish bias will likely be eliminated if it rebounds back above the MYR1.25 level.
Source: RHB Research - 30 Nov 2015
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GHLSYS2024-07-05
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UEMS2024-07-05
UEMS2024-07-04
GHLSYS2024-07-04
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UOADEV2024-07-03
UOADEV2024-07-02
REXIT2024-07-02
UEMS2024-07-02
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UOADEV2024-07-01
GHLSYS2024-07-01
UEMS2024-07-01
UEMS2024-07-01
UEMSCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016