Rubberex Corporation may trend higher after surpassing the MYR0.89 level in its latest session to hit a new multi-year high. Traders may buy as a bullish bias could be present above this level,with a target price of MYR1.03, followed by MYR1.09. The stock may turn sideways if it dips back below the MYR0.89 mark. In this case, further support is anticipated at MYR0.82, where traders can exit upon a breach to avoid the risk of a further correction.
Jaks Resources may trend higher after surpassing the MYR1.22 level in its latest session to extend its multi-year high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.44. The sock may consolidate further if it falls back below the MYR1.22 mark. In this case, further support is anticipated at MYR1.16, where traders can exit upon a breach to avoid the risk of a further correction. Note that a more significant support is anticipated at MYR1.08.
Ni Hsin Resources may rebound further after inching above the 50-day MAV line and MR0.30 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 MYR0.345, followed by MYR0.37. The stock may drift sideways if it dips back below the MYR0.30 level. In this case, further support is anticipated at MYR0.27, where traders can exit upon a breach.
KPS Consortium may trend higher after surpassing the MYR0.525level in its latest session to ink a 52-week high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.58, followed by MYR0.61. The stock may consolidate further if it dips back below the MYR0.525 mark. In this case, further support is anticipated at MYR0.495, where traders can exit upon a breach to avoid the risk of a further correction.
Denko Industrial Corporation may climb higher after crossing the MYR0.385 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.44, followed by MYR0.475. The stock may drift sideways if it dips back below the MYR0.385 level. In this case, further support is anticipated at MYR0.355, where traders can exit upon a breach to avoid the risk of a further correction.
Solution Engineering was testing the MYR0.42 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.45, followed by MYR0.475. In the meantime, the stock may drift sideways if the MYR0.42 level cannot be breached. Support may be found at MYR0.395, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 22 Dec 2015
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016