RHB Research

Trading Stocks - 3 February 2016 - Naim | WTK | Jaya Tiasa | BIG | Tiong Nam | Airport

kiasutrader
Publish date: Wed, 03 Feb 2016, 09:49 AM

Naim may rebound further after  climbing above the downtrend lineand  50-day  MAV  line  in  its  latest  session.  Traders  may  buy  as  a bullish bias could be present above the MYR2.45 level, with a target price  of  MYR2.85,  assuming  the  MYR2.74  resistance  level  can  be breached.  The  stock  may  consolidate  further  if  it  dips  back  below the  MYR2.45  level.  In  this  scenario,  support  is  anticipated  at MYR2.24, where traders can exit upon a breach.

 

WTK may resume its uptrend after recovering above the downtrend line  and  MYR1.44  level,  albeit  marginally.  Traders  may  buy  as  a bullish  bias  could  be  present  above  this  price,  with  a  target  of MYR1.55, followed by MYR1.63. The stock may consolidate further if  it  dips  back  below  the  MYR1.44  level.  In  this  case,  support  is anticipated  at  MYR1.32,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

 

Jaya Tiasa may rebound further after breaching the downtrend line in  its  latest  session.  Traders  may  buy  as  a  bullish  bias  could  be present  above  the  MYR1.50  level,  with  a  target  price  of  MYR1.66, followed by MYR1.81. The stock may  drift sideways if it cannot hold above  the  MYR1.50  level.  In  this  case,  support  is anticipated  at MYR1.35, where traders can exit upon a breach.

 

B.I.G.  Industries  may  trend  higher  after  breaching  the  downtrend line  in its latest session.  Traders may buy as a bullish bias could be present above the MYR0.685 level, with a target price of MYR0.795. The  stock  may  consolidate  further  if  it  cannot  hold  above  the MYR0.685 level in the near term. In this case, s upport is anticipated at MY0.615, where traders can exit upon a breach

 

Tiong  Nam  Logistics  may  rebound  further  after  breaching  the downtrend line and MYR1.24 level in its  latest session. Traders may buy as a bullish bias  could be present above this level, with a target price  of  MYR1.39.  The  stock  may  drift  sideways  if  it  cannot  hold above  the  MYR1.24  level.  In  this  case,  support  is  anticipated  at MYR1.15, where traders can exit upon a breach.

 

Malaysia  Airports  may  trend  higher  after  breaching  the  MYR5.80 level  in its latest session. Traders may buy as a bullish bias could be present above this  level, with a target price of MYR6.79. The stock consolidate  further  it  cannot  sustain  above  the  MYR5.80  level.  In this case,  support is  anticipated at MY5.53, where traders can exit upon a breach.

Source: RHB Research - 3 Feb 2016

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