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
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016