CAB  Cakaran  Corporation  may  trend  higher  after  surpassing  the MYR1.49 level to extend its new high. Traders may buy as a bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR1.69,  followed  by  MYR1.78.  The  stock  may  turn  sideways  if  it dips  back  below  the  MYR1.49  level.  In  this  case,  further  support  is anticipated  at  MYR1.37,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Poh Kong may trend higher after breaching the MYR0.52 level in its latest  session.  Traders  may  buy  as  a  bullish  bias  could  be  present above  this  level,  with  a  target  price  of  MYR0.595.  The  stock  may turn  sideways  if  it  dips  back  below  the  MYR0.52  level.  In  this  case, further  support  is  anticipated  at  MYR0.50,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

Ideal Sun City was testing the MYR0.525 resistance level in its latest session,  after  recently  bouncing  off  the  50-day  MAV  line.  Traders may buy if this level is breached in the near term, with a target price of  MYR0.585.  In  the  meantime,  the  stock  may  turn  sideways  if  the MYR0.525 level cannot be surpassed. Support may then be found at MYR0.48, where traders can exit upon a breach to avoid the risk of a further correction.

Luxchem Corporation was testing the MYR1.70 resistance level in its latest session, after recently taking a healthy breather. Traders may buy if this level is breached  in the near term, with a target price  of MYR1.92,  assuming  the  MYR1.79  level  can  be  surpassed.  In  the meantime, the stock may turn sideways if the MYR1.70 level cannot be  breached.  Support  may  then  be  found  at  MYR1.60,  where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction

OKA  Corporation  may  trend  higher  after  surpassing  the  MYR0.925 level in its latest session. Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR1.06,  assuming the  MYR0.98  minor  resistance  level  can  be  surpassed.  The  stock may consolidate further if it dips back below the MYR0.925 level. In this  case,  further  support  is  anticipated  at  MYR0.85,  where  traders can exit upon a breach to avoid the risk of a further correction.

Ho  Hup  Construction  Company  may  rebound  further  after  inching above the MYR1.00 level and 50-day MAV line. Traders may buy as a  bullish  bias  could  be  present  above  this  level,  with  a  taget  price of  MYR1.11,  followed  by  MYR1.17.  The  stock  may  consolidate further if it dips back below the MYR1.00 level. In this case, further support  is  anticipated  at  MYR0.96,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Source: RHB Research - 4 Dec 2015