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