Top Glove Corporation may trend higher after surpassing the MYR11.46 level to extend its new high in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR13.00. The stock may experience a breather if it dips back below the MYR11.46 level. In this case, further support is anticipated at MYR10.64, where traders can exit upon a breach to avoid the risk of a further correction.
Tek Seng may trend higher after surpassing the MYR0.88 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 MYR1.00. The stock may drift sideways if it dips back below the MYR0.88level. In this case, further support is anticipated at MYR0.835, where traders can exit upon a breach to avoid the risk of a further correction.
Suria Capital may rebound further after forming a “Bullish Engulfing” pattern in its latest session. Traders may buy as a bullish bias could be present above the MYR2.43 level, with a target price of MY2.58, followed by MYR2.69. The stock may drift sideways if it cannot breach the MYR2.43 level. In this case, further support is anticipated at MYR2.30, where traders can exit upon a breach to avoid the risk of a further correction.
Muda Holdings may rebound further after forming a “Bullish Harami” pattern in its latest session. Traders may buy as a bullish bias could be present above the MYR1.89 level, with a target price of MY2.02, followed by MYR2.18. The stock may drift sideways if it cannot breach the MYR1.89 level. In this case, further support is anticipated at MYR1.77, where traders can exit upon a breach to avoid the risk of a further correction.
V.S Industry may resume its uptrend after recovering back above the 50-day MAV line in its latest session. Traders may buy as a bullish bias could be present above the MYR1.55 level, with a target price of MY1.77, provided the MYR1.62 level can be surpassed. In the meantime the stock may consolidate further if it cannot sustain above the MYR1.55 level. In this case, further support is anticipated at MYR1.47, where traders can exit upon a breach to avoid the risk of a further correction.
AirAsia may fall further after breaching the MYR1.32 level and 100-day MAV line in its latest session. Traders may expect further weakness if the stock stays below this level, with the next support levels anticipated at MYR1.20, and followed by MYR1.11. The stock may trend sideways if it recovers back above the MYR1.32 mark. The bearish bias may be eliminated if it rebounds above the MYR1.42 level.
Source: RHB Research - 16 Dec 2015
Chart | Stock Name | Last | Change | Volume |
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2024-08-25
CAPITALA2024-08-25
TOPGLOV2024-08-24
VS2024-08-23
CAPITALA2024-08-23
CAPITALA2024-08-23
CAPITALA2024-08-23
CAPITALA2024-08-23
VS2024-08-22
CAPITALA2024-08-22
VS2024-08-22
VS2024-08-21
CAPITALA2024-08-21
TOPGLOV2024-08-20
TOPGLOV2024-08-20
VS2024-08-20
VS2024-08-20
VS2024-08-15
VS2024-08-15
VS2024-08-15
VS2024-08-15
VS2024-08-15
VS2024-08-15
VS2024-08-14
SURIA2024-08-14
VS2024-08-14
VS2024-08-13
VSCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016