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
Chart | Stock Name | Last | Change | Volume |
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2024-08-24
BAHVEST2024-08-23
MAYBULK2024-08-23
SMRT2024-08-23
SMRT2024-08-22
BAHVEST2024-08-22
BAHVEST2024-08-22
BAHVEST2024-08-22
SMRT2024-08-21
KAWAN2024-08-21
KAWAN2024-08-21
SMRT2024-08-21
SMRT2024-08-19
SMRT2024-08-19
SMRT2024-08-16
KAWAN2024-08-15
BAHVEST2024-08-14
SMRT2024-08-13
BAHVEST2024-08-13
BAHVEST2024-08-13
SMRT2024-08-13
SMRT2024-08-13
SMRT2024-08-13
SMRTCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016