Kawan Food may trend higher after surpassing the MYR3.00  level in its  latest  session  to  extend  its  new  high.  Traders  may  buy  as  a bullish  bias  could be present above this  level, with a target price of MYR3.55.  The  stock  may  take  a  further  breather  if  it  dips  back below the MYR3.00  level. In this case, further support is anticipated at MYR2.80, where  traders can exit upon a breach  to avoid the risk of a further correction.

Malaysian  Bulk  Carriers  (MAYBULK)  may  experience  a  further technical rebound if it can surpass the  downtrend line and MYR0.84 resistance level. Traders may buy as a bullish bias could be present above  this  level,  with  a  target  price  of  MYR0.91.  Meanwhile,  the stock may drift sideways if it cannot breach the MYR0.84 level in the near term.  Support is anticipated at  MYR0.775, where  traders can exit upon a breach.

SMRT  may rebound further  after inching above the MYR0.305  level in its latest session, albeit marginally  to touch the 50-day MAV line. Traders may buy as a bullish  bias could be present above this  level, with  a  target  price  of  MYR0.37,  provided  the  MYR0.345  minor resistance can be surpassed. The stock may drift lower if it dips back below  the  MYR0.305  level.  In  this  case,  further  support  is anticipated  at  MYR0.27,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Brahim’s  Holdings  was  testing  the  MYR1.02  resistance  level  in  its latest session. Traders may buy if this level is breached in the near term,  with  a  target  price  of  MYR1.15.  In  the  meantime,  the  stock may  consolidate  further  if  the  MYR1.02  level  cannot  be  breached. Support  may  then  be  found  at  MYR0.88,  where  traders  can  exitupon a breach to avoid the risk of a further correction.

Seacera Group was testing the MYR0.85  resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.97. In the meantime, the stock may drift sideways  if  the  MYR0.85  level  cannot  be  breached.  Support  may then be found at MYR0.805, where traders can exit upon a breach to avoid the risk of a further correction.

Borneo  Aqua  Harvest  (BAHVEST)  was  testing  the  MYR1.20 resistance level in its latest session. Traders may  buy if this level is
breached  in  the  near  term,  with  a  target  price  of  MYR1.31,  if  the MYR1.27  level  can  be  breached.  In  the  meantime,  the  stock  may drift  sideways  if  the  MYR1.20  level  cannot  be  breached.  Support may  then  be  found  at  MYR1.13,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Source: RHB Research - 14 Dec 2015