Tek  Seng  may  rebound  further  after  recovering  back  above  the MYR0.815  level  following  the  bullish ‘Piercing Line’ pattern formed the  prior  day.  Traders  may  buy  as  a  bullish  bias  could  be  present above  this  level,  with  a  target  price  of  MYR0.94,  provided  the MYR0.88  resistance  level  can  be  breached.  The  stock  may  turn sideways  if  it  dips  back  below  the  MYR0.815  level.  In  this  case, further  support  is  anticipated  at  MYR0.745,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

Muhibbah  Engineering  may  trend  higher  after  breaching  the MYR2.25  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  MYR2.49.  The  stock  may  consolidate  further  if  it  dips  back below the MYR2.25 level. In this case, further support is anticipated at MYR2.13, where traders can exit upon a breach to avoid the risk of a further correction.

APFT may rebound further after closing back above the 50-day MAV line and the MYR0.24 level. Traders may buy as a bullish bias could be  present  above  this  level,  with  a  target  price  of  MYR0.295.  The stock  may  turn  sideways  if  it  cannot  sustain  above  the  MYR0.24 mark. In this case, support is anticipated at MYR0.22, where traders can exit upon a breach to avoid the risk of a further correction.
 

EG  Industries  may  trend  higher  after  surpassing  the  MYR0.88  level in its latest session to extend its multi-year high. Traders may buy as a  bullish  bias  could  be  present  above  this  level,  with  a  target  price of MYR1.00, followed by MYR1.07. The stock may turn sideways if it dips below the MYR0.88 mark. In this case, support is anticipated at MYR0.815, where traders can exit upon a breach to avoid the risk of a further correction.

London  Biscuits  is  testing  the  MYR0.85  resistance  level  in  its  latest session.  Traders  ay  buy  if  this  level  is  breached  in  the  near  term, with  a  target  price  of  MYR0.925,  assuming  the  MYR0.89  resistance level can be breached. In the meantime, the stock may consolidate further if the MYR0.85 level cannot be surpassed. Support may then be  found  at  MYR0.785,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Ta Ann Holdings was  recently testing the MYR4.49 resistance level. Traders  may  buy  if  this  level  is  breached  firmly  in  the  near  term, with  a  target  price  of  MYR4.95.  In  the  meantime,  the  stock  may consolidate  further  if  the  MYR4.49  level  cannot  be  surpassed. Support  may  then  be  found  at  MYR4.12,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 3 Dec 2015