RHB Research

Trading Stocks - 1 December 2015 - Tomypak | GDex | Padini | Halex | Hap Seng | QL

kiasutrader
Publish date: Tue, 01 Dec 2015, 09:40 AM

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

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