Hovid  may trend higher after gaining above the MYR0.475  level  to cross  the  50-day  MAV  line  in  its  latest  session,  albeit  marginally. Traders may buy as a bullish  bias could be present above this  level, with  a  target  price  of  MYR0.51,  followed  by  MYR0.535.  The  stock may  consolidate  further  if  it  cannot  sustain  above  the  MYR0.475mark. In this case, further support is anticipated at MYR0.45, wheretraders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

Minho  is  still  trading  above  the  uptrend  line  and  50-day  MAV  line after  taking  a  breather  recently.  Traders  may  buy  as  a  bullish  bias could  be  present  above  the  MYR1.42  level,  with  a  target  price  of MYR1.54,  followed  by  MYR1.68.  The  stock  may  turn  sideways  if  it falls  back below the  MYR1.42  mark. In this case, further support is anticipated  at  MYR1.36,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Hup Seng Industries  may  resume  its uptrend after recovering back above  the  MYR1.32  level  to  cross  the  50-day  MAV  line,  albeit marginally.  Traders  may  buy  as  a  bullish  bias  could  be  present above this level, with a target price of MYR1.46. The stock may  turn sideways  if  it  dips  back  below  the  MYR1.32  mark.  In  this  case, further  support  is  anticipated  at  MYR1.25,  where  traders  can  exit upon a breach.

Pintaras  Jaya  may  rebound  further  after  recovering  above  the MYR3.48  level  and  50-day  MAV  line  in  its  latest  session.  Traders may buy as a bullish  bias could be present above this  level, with a target  price  of  MYR3.85,  assuming  the  MYR3.70  level  can  be surpassed.  The  stock may drift sideways if it cannot sustain above the  MYR3.48  mark.  In  this  case,  further  support  is  anticipated  at MYR3.25, where traders can exit upon a breach.

Seal  Incorporated  may  rebound  further  after  surpassing  the MYR0.57  level in its latest session. Traders may buy as a bullish bias could be present above this  level,  with a target price  of MYR0.665, followed  by  MYR0.71.  The  stock  may  drift  sideways  if  it  cannot sustain  above  the  MYR0.57  mark.  In  this  case,  further  support  is anticipated at MYR0.535,  where  traders can exit upon a breach  to avoid the risk of a further correction.

Aemulus  was  testing  the  MYR0.52  resistance  level  in  its  latest session. Traders may buy if this level is breached in the near term, with  a  target  price  of  MYR0.575,  followed  by  MYR0.615.  In  the meantime,  the  stock  may  consolidate  further  if  the  MYR0.52  level cannot  be  breached.  Support  may  be  found  at  MYR0.48,  where traders can exit upon a breach.

Source: RHB Research - 14 Jan 2016