Mikro MSC  may climb higher after surpassing the MYR0.525  level  in its latest session to hit a new high. Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR0.64. The  stock  may  drift  sideways  if  it  falls  back  below  the  MYR0.525mark. In this case, further support is anticipated at MYR0.49, wheretraders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

Gadang  rebounded  to  test  the  MYR2.44  level  in  its  latest  session after  the  recent  correction.  Traders  may  buy  if  this  level  is surpassed  in  the  near  term,  with  a  target  price  of  MYR2.58, followed  by  MYR2.75.  In  the  meantime,  the  stock  may  drift sideways if the MYR2.44  level cannot be breached. Support may be found at MYR2.18, where  traders can  exit upon a  breach to avoid the risk of a further correction.

Evergreen  Fibreboard  may  resume  its  uptrend  after  recovering above the MYR2.44 level to form a “Bullish Engulfing”  pattern  in its latest  session.  Traders  may  buy  as  a  bullish  bias  could  be  present above  this  level,  with  a  target  price  of  MYR2.56,  followed  by MYR2.80.  The  stock  may  consolidate  further  if  it  cannot  sustain above the MYR2.44 mark. In this case, further support is anticipated at MYR2.33, where  traders can exit upon a breach  to avoid the risk of a further correction.

Inari Amertron may rebound further after form a “Bullish Engulfing”pattern  in its latest session.  Traders may buy as a bullish  bias could be  present  above  the  MYR3.40  level,  with  a  target  price  of MYR3.66,  followed  by  MYR3.82.  The  stock  may  drift  sideways  if  it cannot  surpass  the  MYR3.40  mark.  In  this  case,  support  is anticipated at MYR3.18, where traders can exit upon a breach.

Globetronics  Technology  may  rebound  further  after  forming  a “Bullish Engulfing” pattern in its latest session. Traders may buy as a bullish bias could be present above the MYR6.00 level, with a target price  of  MYR6.50,  followed  by  MYR6.90.  The  stock  may  drift sideways if it cannot surpass the MYR6.00 mark in the near term. In this case, further support is anticipated at MYR5.70, where  traders can exit upon a breach.

Cworks  Systems  was  testing  the  MYR0.38  resistance  level  in  its latest session while extending its 52-week high. Traders may buy if this  level  is  breached  in  the  near  term,  with  a  target  price  of MYR0.445.  In  the  meantime,  the  stock  may  consolidate  further  if the  MYR0.38  level  cannot  be  breached.  Support  may  be  found  at MYR0.325, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 19 Jan 2016