RHB Research

Trading Stocks - 21 December 2015 - BHS | APFT | Dufu | Superlon | Seacera | Careplus

kiasutrader
Publish date: Mon, 21 Dec 2015, 09:41 AM

BHS  Industries  may  rebound  further  after  surpassing  the  MYR0.43level in its latest session.  Traders may buy as a bullish bias could be present above this  level, with a target price of MYR0.465, followed by MYR0.495. The stock may drift sideways if it dips back below the MYR0.43  mark.  In  this  case,  further  support  is  anticipated  at MYR0.41, where traders can exit upon a breach.

 


APFT  may trend higher after  inching above  the MYR0.28  level  in its latest  session.  Traders  may  buy  as  a  bullish  bias  could  be  present above this level, with a target price of MYR0.34. The stock  may drift lower  if  it  cannot  sustain  above  the  MYR0.28  level.  In  this  case, further support is anticipated at MYR0.255, where  traders can exit upon a breach to avoid the risk of a further correction.

 

Dufu  Technology  may  trend  higher  after  surpassing  the  MYR0.475 level in its latest session.  Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR0.55, followed by MYR0.59. The stock may correct further if it falls  back below the MYR0.475  level.  In  this  case,  further  support  is  anticipated  at MYR0.445, where traders can exit upon a breach to avoid the risk of a further correction.

 

Superlon  may  trend  higher  after  recovering  above  the  MYR2.18level in its latest session.  Traders may buy as a bullish bias could be present  above  this  level,  with  a  target  price  of  MYR2.40, followed by MYR2.54. The stock may consolidate further if it dips back below the  MYR2.18  mark.  In  this  case,  further  support  is  anticipated  at MYR2.05, where  traders can exit upon 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  MYR0.93.  In  the  meantime,  the  stock  may consolidate  further  if  the  MYR0.85  level  cannot  be  breached. Support may be found at MYR0.785, where traders can exit upon a breach to avoid the risk of a further correction.

 


Careplus Group was testing the MYR0.60 resistance level in its latest session. Traders may buy if this level is breached in the near term, with  a  target  price  of  MYR0.645,  followed  by  MYR0.695.  In  the meantime, the stock may drift sideways if the MYR0.60 level cannot be breached. Support may be found at MYR0.56, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 21 Dec 2015

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