Comintel Corporation (COMCORP) may rebound further afterbreaching the downtrend line and MYR0.75 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.845. The stock may drift sideway if it cannot sustain above the MYR0.75 mark. In this case, further support is anticipated at MYR0.69, where traders can exit upon a breach.
APFT may rebound further after forming a bullish “Morning Star”pattern in its latest session. Traders may buy as a bullish bias could be present above the MYR0.21 level, with a target price of MYR0.25, followed by MYR0.275. The stock may drift sideways if it cannot sustain above the MYR0.21 mark. In this case, further support is anticipated at MYR0.18, where traders can exit upon a breach.
JCY International may rebound further after forming a “Bullish Harami” pattern in its latest session. Traders may buy as a bullish bias could be present above the MYR0.80 level, with a target price of MYR0.85, followed by MYR0.89. The stock may drift lower if it cannot surpass the MYR0.80 mark in the near term. In this case, further support is anticipated at MYR0.76, where traders can exit upon a breach.
Unisem 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 MYR2.24 level, with a target price of MYR2.38, followed by MYR2.52. The stock may drift lower if it cannot breach the MYR2.24 mark. In this case, further support is anticipated at MYR2.13, where traders can exit upon a breach.
CAB Cakaran was testing the MYR1.75 level in its latest session after reaching a new high. Traders may buy if this level is breached firmly in the near term, with a target price of MYR2.00. In the meantime, the stock may drift sideways if the MYR1.75 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.
AWC is still on a valid uptrend after recently breaching the MYR0.425 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.485, assuming the MYR0.455 minor resistance can be surpassed. The stock may drift lower if it cannot sustain above the MYR0.425 mark. In this case, further support is anticipated at MYR0.41, where traders can exit upon a breach.
Source: RHB Research - 20 Jan 2016
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016