Naim Holdings may trend higher after climbing above the MYR2.60level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR3.00. The stock may take a further breather if it dips back below the MYR2.60 mark. In this case, further support is anticipated at MYR2.40, wheretraders can exit upon a breach to avoid the risk of a further correction.
Mudajaya Group may trend higher after climbing above the MYR1.27 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.50. The stock may consolidate further if it dips back below the MYR1.27mark. In this case, further support is anticipated at MYR1.19, wheretraders can exit upon a breach to avoid the risk of a further correction.
Jaycorp may trend higher after having recently climbed above the MYR1.25 level despite the latest pullback. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.40. The stock may drift sideways if it cannot sustain above the MYR1.25 mark. In this case, further support is anticipated at MYR1.15, where traders can exit upon a breach to avoid the risk of a further correction.
ES Ceramics Technology may climb further after inching above the MYR0.495 level, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.55, followed by MYR0.595. The stock may consolidate further if it cannot sustain above the MYR0.495 mark. In this case, further support is anticipated at MYR0.45, where traders can exit upon a breach to avoid the risk of a further correction.
Seacera Group may climb further after sustaining above the MYR1.10 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.25, followed by MYR1.31. The stock may drift sideway if it cannot sustain above the MYR1.10 mark. In this case, further support is anticipated at MYR1.01, where traders can exit upon a breach to avoid the risk of a further correction.
Rubberex Corporation was testing the MYR0.955 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR1.03, followed by MYR1.10. In the meantime, the stock may turn sideways if the MYR0.955 level cannot be breached. Support may be found at MYR0.885, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 8 Jan 2016
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016