Padini  may  trend  higher  after  surpassing  the  MYR2.00  level  in  its latest  session  to  hit  a  52-week  high.  Traders  may  buy  as  a  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR2.23, followed by MYR2.37. The stock may  consolidate furtherif it dips back below the MYR2.00 mark. In this case, further support is anticipated at MYR1.80, where traders can exit upon a breach  to avoid the risk of a further correction.

My E.G. Services could resume its uptrend after it gaining above the downtrend line  in its latest  session. Traders may  buy as a  positivebias could be present above the MYR2.15  level, with a target  price of  MYR2.55,  assuming  the  MYR2.38  resistance  level  can  be breached.  The  stock  may  consolidate  further  if  it  falls  back  below the  MYR2.15  mark.  In  this  case,  further  support  is  anticipated  at MYR2.04, where traders can exit upon a breach to avoid the r isk of a further correction.

Genetec  Technology  rebounded  to  test  the  MYR0.26  resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.30. In the meantime, the stock may move sideways if the MYR0.26 level cannot be breached. Support may be found at MYR0.235, where traders can exit upon a breach to avoid the risk of a further correction.

Karex  may rebound further after  bouncing off the 50-day MAV line to recover above the MYR4.25 level, albeit marginally. Traders may buy as a bullish  bias could be present above this  level, with  a target price of MYR4.74, followed by MYR4.90. The stock may drift lower if it  cannot  sustain  above  the  MYR4.25  level.  In  this  case,  further support  is  anticipated  at  MYR3.80,  where  traders  can  exit  upon  a breach.

Ajiya was testing the MYR3.70 level in its latest session. Traders may expect a further technical rebound  if this level can be  breached in the near term, with a target price of MYR4.15. In the meantime, the stock may drift sideways if the MYR3.70 level cannot be surpassed. Support may be found at MYR3.27, where traders can exit upon a breach.

Bioalpha may trend higher after breaching the MYR0.335  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  MYR0.36, followed by MYR0.40. The stock may drift lower if  it cannot sustain above  the  MYR0.335  level.  In  this  case,  further  support  is anticipated at MYR0.30, where traders can exit upon a breach.

Source: RHB Research - 28 Jan 2016