Yee Lee Corporation may trend higher after surpassing the MYR2.03level in its latest session.  Traders may buy as a bullish bias could be present above this  level,  with a target price of MYR2.40.  The stock may turn sideways  if it dips back below the MYR2.03  mark. In this case, further support is  anticipated at MYR1.95, where  traders can exit upon a breach to avoid the risk of a further correction.

Thong  Guan  Industries  may  trend  higher  after  inching  above  the MYR2.87 level in its latest session.  Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR3.30. The stock may consolidate  if it falls back below the  MYR2.87  mark. In  this  case,  further  support  is  anticipated  at  MYR2.63,  wheretraders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

Only World Group (OWG)  may trend higher after inching above the MYR2.85 level in its latest sessin. Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR3.20. The stock may consolidate further if it dips back below the MYR2.85level. In this case, further support is anticipated at MYR2.70, wheretraders can exit upon a breach.

Pensonic  may  trend  higher  after  surpassing  the  50-day  MAV  line and MYR0.60 level in its latest session.  Traders may buy as a bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.645,  followed  by  MYR0.695.  The  stock  may  consolidate further if  it dips back below the MYR0.60  mark. In this case, further support is anticipated at MYR0.545, where  traders can exit upon a breach to avoid the risk of a further correction.

Century  Logistics  may  rebound  further  after  climbing  above  thedowntrend line and  MYR0.82  level  in  its latest session.  Traders may buy as a bullish bias could be present above this level,  with a target price  of  MYR0.905.  The  stock  may  drift  sideways  if  it  dips  back below the MYR0.82  level. In this case, further support is anticipated at MYR0.785, where traders can exit upon a breach.

Tomypak  was  crossed  the  50-day  MAV  line  to  test  the  MYR2.65resistance level in its latest session. Traders may buy if this level is breached  in  the  near  term,  with  a  target  price  of  MYR3.00. In  the meantime, the stock may drift sideways if the MYR2.65 level cannot be breached. Support may be found at MYR2.46, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 23 Dec 2015