My  E.G.  Services  may  trend  higher  after  surpassing  the  MYR3.70 level in  its latest session to mark a new high. Traders may buy as a bullish bias could be present above this  level, with a target price of MYR4.30, followed by MYR4.55. The stock may drift lower if it dips back  below  the  MYR3.70  level.  In  this  case,  further  support  is anticipated  at  MYR3.50,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Federal  Furniture  may  trend  higher  after  inching  above  the MYR0.745 level to close at a new multi-year high. Traders may  buy as  a  bullish  bias  could  be  present  above  this  level,  with  a  target price of MYR0.85. The stock may drift lower if it dips back below the MYR0.745  level.  In  this  case,  further  support  is  anticipated  at MYR0.69, where traders can exit upon a breach to avoid the risk of a further correction.

Guan  Chong  was  testing  the  MYR1.36  resistance  level  in  its  latest session after closing at a new 52-week high. Traders may buy if this level  is  breached  in  the  near  term,  with  a  target  price  of  MYR1.55. In the meantime, the stock may drift sideways if the MYR1.36 level cannot  be  breached.  Support  may  then  be  found  at  MYR1.21, where traders can  exit upon a breach to avoid  the risk of a further correction.

Hartalega  may  trend  higher  after  inching  above  the  MYR5.96  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 MYR6.75.  The  stock  may  drift  lower  if  it  dips  back  below  the MYR5.96  level.  In  this  case,  further  support  is  anticipated  at MYR5.50, where traders can exit upon a breach to avoid the risk of a further correction.

Oldtown  may  rebound  further  after  surging  through  the  MYR1.51 level in its latest session. Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR1.73,  followed by  MYR1.80.  The  stock  may  drift  lower  if  it  dips  back  below  the MYR1.51  level.  In  this  case,  further  support  is  anticipated  at MYR1.41, where traders can exit upon a breach.

Euro  Holdings  may  rebound  further  after  climbing  above  the MYR0.255  level  in  its  latest  session.  Traders  may  buy  as  a  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.305.  The  stock  may  drift  sideways  if  it  dips  back  below  the MYR0.255  level.  In  this  case,  further  support  is  anticipated  at MYR0.225, where traders can exit upon a breach.

Source: RHB Research - 18 Dec 2015