Huat  Lai  Resources  may  climb  further  after  sustaining  above  the MYR4.75 level.  Traders may buy as a bullish  bias could be present above  this  level,  with  a  target  price  of  MYR5.28,  followed  by MYR5.0. The stock may drift sideways if it falls below the MYR4.75mark in the near term. In this case, further support is anticipated at MYR4.30, where traders can exit upon a breach.

Genetec Technology may experience further  correction  after falling below  the  MYR0.25  level  in  its  latest  session.  Traders  may  expect further selling  if it stays below  this level in the near  term, with  the next support levels anticipated at MYR0.21,  followed  by MYR0.185. The  stock  may  move  sideways  if  it  recovers  back  above  the MYR0.25  level.  The  bullish  bias  may  return  if  it  surpasses  the MYR0.275 level.

Ewein  may  experience  further  correction  after  falling  below  the MYR1.25  level  in  its  latest  session.  Traders  may  expect  further selling  if  it  stays  below  this  level  in  the  near  term,  with  the  next support anticipated at MYR1.12. The stock may move sideways if it recovers back above the MYR1.25  level. The bullish bias may return if it recovers above the MYR1.37 level.

SapuraKencana  Petroleum  may  experience  further  weakness  after inching below the MYR1.61 level. Traders may expect further sellingif it  stays  below this level  in  the near  term, with  the next support anticipated at MYR1.36. The stock may move sideways if it  recovers back above the MYR1.61 level. The bearish  bias may  be eliminatedif it recovers above the MYR1.85 level.

Tenaga  Nasional  may  experience  further  correction  after  inchingbelow the MYR12.78 level in  its latest session. Traders may expect further weakness  if it stays below this level in the near  term, with the  next  support  levels  anticipated  at  MYR12.44,  followed  by MYR11.96. The stock may move sideways if it recovers back above the MYR12.78 level. The bullish bias may return if it recovers above the MYR13.40 level.

Padini  may  soon  test  the  MYR1.80  support  level  after  its  latest bearish  candle.  Traders  may  expect  further  correction  if  it  fallsbelow  this  level  in  the  near  term,  with  the  next  support  level anticipated  at  MYR1.66.  The  stock  may  trade  sideways  if  it maintains  above  the  MYR1.80  level.  The  technical  outlook    should improve if it recovers back above MYR1.95.

Source: RHB Research - 22 Jan 2016