Source: RHB, Bloomberg

Prestariang may trend higher after surpassing the MYR2.71 level to mark a new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR3.05, followed by MYR3.20. The stock may take a breather if it dips back below the MYR2.71 level. In this case, further support is anticipated at MYR2.45, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB, Bloomberg

Evergreen Fibreboard was testing the MYR2.35 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.65. In the meantime, the stock may consolidate further if the MYR2.35 level cannot be breached. Support may then be found at MYR2.07, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB, Bloomberg

LCTH Corporation was testing the MYR0.755 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 MYR0.825, followed by MYR0.875. In the meantime, the stock may consolidate further if the MYR0.755 level cannot be breached. Support may then be found at MYR0.70, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB, Bloomberg

Kim Hin Industry may resume its uptrend after recovering above the MYR2.28 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 MYR2.60. The stock may consolidate further if it dips back below the MYR2.28 level. In this case, further support is anticipated at MYR2.12, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB, Bloomberg

KKB Engineering may climb further after inching above the MYR1.63 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 MYR1.79. The stock may consolidate further if it dips back below the MYR1.63 level. In this case, further support is anticipated at MYR1.55, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB, Bloomberg

Gadang was testing the MYR1.95 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.25, assuming the MYR2.04 level can be surpassed. In the meantime, the stock may consolidate further if the MYR1.95 level cannot be breached. Support may then be found at MYR1.80, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 8 Dec 2015