Unisem may trend higher after surpassing the MYR2.45 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.64, followed by MYR2.90. The stock may take a breather if it dips back below the MYR2.45 level. In this case, further support is anticipated at MYR2.26, where traders can exit upon a breach to avoid the risk of a further correction.
Dufu Technology may trend higher after surpassing the MYR0.45 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.50, followed by MYR0.55. The stock may take a further breather if it dips back below the MYR0.45 level. In this case, further support is anticipated at MYR0.41, where traders can exit upon a breach to avoid the risk of a further correction.
KESM Industries may resume its uptrend after recovering above the MYR5.20 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 MYR5.80, assuming the MYR5.48 resistance level can be surpassed. The stock may consolidate further if it dips back below the MYR5.20 level. In this case, further support is anticipated at MYR4.85, where traders can exit upon a breach to avoid the risk of a further correction.
Microlink Solutions may rebound further after breaching thedowntrend line and recovering above the 50-day MAV line. Traders may buy as a bullish bias could be present above the MYR1.29 level, with a target price of MYR1.46, followed by MYR1.54. The stock may consolidate further if it dips back below the MYR1.29 level. In this case, further support is anticipated at MYR1.20, where traders can exit upon a breach to avoid the risk of a further correction.
Chin Well was testing the MYR1.76 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.86, followed by MYR1.96. In the meantime, the stock may consolidate further if the MYR1.76 level cannot be breached firmly. Support may then be found at MYR1.60, where traders can exit upon a breach to avoid the risk of a further correction.
Tambun Indah Land was testing the MYR1.44 resistance level in its latest session. Taders may buy if this level is breached in the near term, with a target price of MYR1.63, assuming the MYR1.59 level can be surpassed. In the meantime, the stock may consolidate further if the MYR1.44 level cannot be breached. Support may then be found at MYR1.36, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 9 Dec 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016