Farm’s Best was testing the MYR0.725 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.83. In the meantime, the stock may move sideways if the MYR0.725 level cannot be breached. Support may be found at MYR0.68, where traders can exit upon a breach.
Ta Ann was attempting to rebound after recently forming a “Bullish Harami” pattern. Traders may buy as a bullish bias could be present above the MYR5.35 level, with a target price of MYR5.90, assuming the MYR5.50 resistance can be surpassed. The stock may drift lower if it cannot surpass the MYR5.35 mark in the near term. In this case, further support is anticipated at MYR4.98, where traders can exit upon a breach.
Spritzer is still on a valid uptrend after recently surpassing the MYR2.22 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.54, assuming the MYR2.40 level can be surpassed. The stock may drift sideways if it falls below the MYR2.22 mark in the near term. In this case, further support is anticipated at MYR2.10, where traders can exit upon a breach.
My E.G. Services is still on a valid uptrend despite the recent correction. Traders may buy as a bullish bias could be present above the MYR2.06 level, with a target price of MYR2.38. The stock may drift lower if it falls below the MYR2.06 mark in the near term. In this case, further support is anticipated at MYR1.98, where traders can exit upon a breach
Prestariang is still on a valid uptrend despite the recent correction. Traders may buy as a bullish bias could be present above the MYR2.95 level, with a target price of MYR3.27. The stock may drift lower if it falls below the MYR2.95 mark in the near term. In this case, further support is anticipated at MYR2.80, where traders can exit upon a breach.
Mitrajaya may experience further weakness after inching below the MYR1.16 level in its latest session, albeit marginally. Traders may expect further selling if it stays below this level in the immediate term, with the next support levels anticipated at MYR1.07, followedby MYR1.00. The stock may consolidate again if it recovers back above the MYR1.16 level. The technical outlook may improve if it breaches the MYR1.22 level.
Source: RHB Research - 21 Jan 2016
Chart | Stock Name | Last | Change | Volume |
---|
Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016