Tomypak may rebound further after forming a bullish “Piercing Line” pattern in its latest session. Traders may buy as a bullish bias could be present above the MYR2.66 level, with a target price of MYR2.81, followed by MYR3.00. The stock may drift sideways if it cannot breach the MYR2.66 level. In this case, further support is anticipated at MYR2.41, where traders can exit upon a breach.
GD Express Carrier is still on an uptrend, having kept above the MYR1.47 level in recent sessions. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.65, followed by MYR1.74. The stock may drift lower if it cannot hold above the MYR1.47 level. In this case, further support is anticipated at MYR1.34, where traders can exit upon a breach.
Padini may climb higher after breaching the MYR1.68 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.87, followed by MYR2.00. The stock may turn sideways if it cannot maintain above the MYR1.68 mark. In this case, support is anticipated at MYR1.56, where traders can exit upon a breach
Halex may rebound further after closing above the MYR0.53 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.60, followed by MYR0.645. The stock may turn sideways if it cannot sustain above the MYR0.53 mark. In this case, support is anticipated at MYR0.485, where traders can exit upon a breach.
Hap Seng Consolidated was testing the MYR6.62 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR7.40. In the meantime, the stock may consolidate further if the MYR6.62 level cannot be breached. Support may then be found at MYR6.02, where traders can exit upon a breach.
QL Resources may climb higher after breaching the MYR4.30 level in its latest session to hit a new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR4.60, followed by MYR4.95. The stock may turn lower to consolidate if it cannot maintain above the MYR4.30 mark. In this case, support is anticipated at MYR4.00, where traders can exit upon a breach.
Source: RHB Research - 1 Dec 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016