Prestariang may trend higher after surpassing the MYR2.97 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR3.20, followed by MYR3.50. The stock may consolidate further if it dips back below the MYR2.97 mark. In this case, further support is anticipated at MYR2.80, where traders can exit upon a breach to avoid the risk of a further correction.

Tien Wah Press may trend higher after inching above the MYR2.60level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.85, followed by MYR3.00. The stock may consolidate furtherif it cannot sustain above the MYR2.60 mark. In this case, further support is anticipated at MYR2.50, where traders can exit upon a breach.

Gadang was testing the MYR2.24 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.37, followed by MYR2.57. In the meantime, the stock may consolidate further if the MYR2.24 level cannot be breached. Support may be found at MYR2.09, where traders can exit upon a breach to avoid the risk of a further correction.

Teck Guan Perdana was testing the MYR1.86 resistance level in its latest session. Traders may buy if this level is breached in t he near term, with a target price of MYR2.00, followed by MYR2.12. In the meantime, the stock may consolidate further if the MYR1.86 level cannot be breached. Support may be found at MYR1.63, where traders can exit upon a breach to avoid the risk of a further correction.

WTK was testing the MYR1.35 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.49. In the meantime, the stock may consolidate further if the MYR1.35 level cannot be breached. Support may be found at MYR1.27, where traders can exit upon a breach to avoid the risk of a further correction.

Jaya Tiasa was testing the MYR1.39 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.57. In the meantime, the stock may consolidate further if the MYR1.39 level cannot be breached. Support may be found at MYR1.27, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 5 Jan 2016