RHB Research

Trading Stocks - 7 December 2015 - Heveaboard | Harbour-Link | Khee-San | Poh Huat | Kimlun | Mieco

kiasutrader
Publish date: Mon, 07 Dec 2015, 09:04 AM

Heveaboard may trend higher after surpassing the MYR1.54 level to extend  its  new  high.  Traders  may  buy  as  a  bullish  bias  could  be present  above  this  level,  with  a  target  price  of  MYR1.72,  followed by MY1.82. The stock may take a breather if it dips back below the MYR1.54  level.  In  this  case,  further  support  is  anticipated  at MYR1.41, where  traders can exit upon a breach  to avoid the risk of a further correction.

 

Harbour-Link  Group  may  trend  higher  after  recovering  above  the MYR2.90  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 MYR3.15, followed by MYR3.40. The stock may consolidatefurther  if it dips back below the MYR2.90 level. In this case, further support  is  anticipated  at  MYR2.70,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

 

Khee San may trend higher after  surpassing the MYR0.83 level in its latest  session.  Traders  may  buy  as  a  bullish  bias  could  be  present above  this  level,  with  a  target  price  of  MYR0.90.  The  stock  may consolidate further if it dips back below the MYR0.83 level. In this case, further support is anticipated at MYR0.755, where  traders can exit upon a breach to avoid the risk of a further correction.

 

Poh Huat Resources  was  testing the MYR1.78  resistance level in its latest session. Traders may buy if this level is breached in the near term,  with  a  target  price  of  MYR2.00.  In  the  meantime,  the  stock may  drift  sideways  if  the  MYR1.78  level  cannot  be  breached. Support  may  then  be  found  at  MYR1.61,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

 

 

Kimlun  Corporation was testing the MYR1.42 resistance level in its latest session. Traders may buy if this level is breached in the near term,  with  a  target  price  of  MYR1.55.  In  the  meantime,  the  stock may  consolidate  further  if  the  MYR1.42  level  cannot  be  breached. Support  may  then  be  found  at  MYR1.29,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

 

Mieco Chipboard rebounded to test the MYR1.18 resistance level in its  latest  session.  Traders  may  buy  if  this  level  is  breached  in  t he near  term,  with  a  target  price  of  MYR1.34.  In  the  meantime,  the stock  may  consolidate  further  if  the  MYR1.18  level  cannot  be breached.  Support  may  then  be  found  at  MYR1.05,  where  traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 7 Dec 2015

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment