Luxchem  Corporation  may  trend  higher  after  gaining  above  the MYR1.79 level in its latest session to mark a new high.  Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.97, followed by MYR2.09.  The stock may consolidate further  if  it  cannot  sustain  above  the  MYR1.79  mark.  In  this  case, further  support  is  anticipated  at  MYR1.60,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

Muhibbah  Engineering  may  trend  higher  after  climbing  above  the MYR2.41 level in its latest session.  Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR2.66, followed  by  MYR2.82.  The  stock  may  drift  sideways  if  it  falls  back below the MYR2.41 mark. In this case, further support is anticipated at MYR2.29, where  traders can exit upon a breach to avoid the risk of a further correction.

KPS  Consortium  may  trend  higher  after  breaching  the  MYR0.545 level in its latest session to hit a new 52-week high. Traders may buy as  a  bullish  bias  could  be  present  above  this  level,  with  a  target price  of  MYR0.59,  followed  by  MYR0.65.  The  stock  may  move sideways  if  it  dips  back  below  the  MYR0.545  mark.  In  this  case, further  support  is  anticipated  at  MYR0.51,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

Dolomite  Corporation  may  trend  higher  after  gaining  above  the MYR0.56  level  in  its  latest  session  to  mark  a  new  multi-year  high. Traders may buy as a bullish bias could be present above this level, with  a  target  price  of MYR0.67,  followed  by  MYR0.705.  The  stock may trade sideways if it cannot sustain above the MYR0.56 mark. In this case, further support is anticipated at MYR0.50, where  traders can exit upon a breach to avoid the risk of a further correction.

Scientex may trend higher after gaining above the MYR9.94 level in its latest session to mark a new high.  Traders may buy as a bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR11.00,  followed  by  MYR11.70.  The  stock  may  consolidate  if  it cannot  sustain  above  the  MYR9.94  mark.  In  this  case,  further support  is  anticipated  at  MYR9.43,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

UEM Edgenta  was testing the MYR3.50 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR3.87, assuming the MYR3.70 level can be surpassed.  In  the  meantime,  the  stock  may  consolidate  further  if the  MYR3.50  level  cannot  be  breached.  Support  may  be  found  at MYR3.21, where traders can exit upon a breach.

Source: RHB Research - 13 Jan 2016