RHB Research

Trading Stocks - 9 December 2015 - Unisem | Dufu | KESM | Microlink | Chin Well | Tambun Indah

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Publish date: Wed, 09 Dec 2015, 09:36 AM

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

 

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