PRG  may  trend  higher  after  surpassing  the  MYR1.05  level  in  its latest session  to reach a multi-year high, albeit marginally. Traders may buy as a bullish bias could be present above this    level, with a target  price  of  MYR1.19.  The  stok  may  drift  sideways  if  it  cannot surpass  the  MYR1.05  mark  in  the  near  term.  In  this  case,  further support is anticipated at MYR0.995, where traders can exit upon a breach to avoid the risk of a further correction.

Fiamma could move higher after it climbed  passed  the downtrend line  and  MYR2.27  level  in  its  latest  session,  albeit  marginally. Traders may buy as a bullish bias could be present above this level, with  a  target  price  of  MYR2.50,  followed  by  MYR2.72.  The  stock may  drift  sideways  if  it  dips  back  below  the  MYR2.27  mark  in  the near term. In this case, further  support is anticipated at MYR2.08, where traders can exit upon a breach to avoid the risk of a further correction.

CCK  Consolidated  may  trend  higher  after  jumping  above  the MYR1.14  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 MYR1.38. The stock may drift sideways if it falls  back below the  MYR1.14  mark.  In  this  case,  further  support  is  anticipated  at MYR1.04, where traders can exit upon a breach to avoid the risk of a further correction.

JAKS  Resources  may  rebound  further  after  recently  forming  a “Bullish Harami” pattern. Traders may buy as a bullish bias could be present  above  the  MYR1.08  level,  with  a  target  price  of  MYR1.18. The stock may drift lower  if it cannot surpass the MYR1.08  mark in the  near  term.  In  this  case,  further  support  is  anticipated  at MYR1.01, where traders can exit upon a breach.

Media  Chinese  International  was  testing  the  MYR0.655  level  in  its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.72, followed by MYR0.765. In the meantime,  the  stock  may  move  sideways  if  the  MYR0.655  level cannot  be  breached.  Support  may  be  found  at  MYR0.61,  where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

Top  Glove  Corporation  may  experience  a  further  correction  after inching  below  the  MYR6.50  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  MYR5.94,  followed  by MYR5.50.  The  stock  may  move  sideways  if  it  recovers  back  above the MYR6.50 level. The bullish  bias will  likely return if it  is able  to surpass the MYR7.00 level.  Note that the  longer-term trend  is still largely positive.

Source: RHB Research - 27 Jan 2016