SHH Resources may rebound further after climbing above the MYR2.16 level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.48, assuming the MYR2.25 minor resistance can be breached. The stock may turn sideways if it dips back below the MYR2.16 level. In this case, further support is anticipated at MYR2.41, where traders can exit upon a breach to avoid the risk of a further correction.
ES Ceramics Technology rebounded to test the MYR0.45 resistance level after touching the 50-day MAV line recently. Traders may buy if this level is breached in the near term, with a target price of MYR0.51. In the meantime, the stock may consolidate further if the MYR0.45 level cannot be breached. Support may then be found at MYR0.395, where traders can exit upon a breach to avoid the risk of a further correction.
Asdion rebounded to test the MYR0.495 level and 50-day MAV line in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.535, followed by MYR0.60. In the meantime, the stock may drift sideways if the MYR0.495 level cannot be breached. Support may then be found at MYR0.42, where traders can exit upon a breach.
Yong Tai may rebound further after closing back above the 50-day MAV line and MYR0.665 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.75, followed by MYR0.79. The stock may turn sideways if it cannot sustain above the MYR0.665 mark. In this case, support is anticipated at MYR0.63, where traders can exit upon a breach to avoid the risk of a further correction
Careplus Group rebounded 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 MYR0.61. In the meantime, the stock may consolidate further if the MYR0.55 level cannot be breached. Support may then be found at MYR0.52, where traders can exit upon a breach to avoid the risk of a further correction.
Ajiya may soon test the MYR4.42 resistance level. Traders may buy if this level is breached in the near term, with a target price of MYR4.90. In the meantime, the stock may consolidate further if the MYR4.42 level cannot be breached firmly. Support may then be found at MYR3.95, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 2 Dec 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016