RHB Research

Trading Stocks - 11 February 2016 - GENP| Halex | BIMB | Yong Tai| PMCORP | Kein Hing

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Publish date: Thu, 11 Feb 2016, 12:40 PM
 

Trading Stocks - 11 February 2016

 

 

Kein Hing International may rebound further after recently breaching the downtrend line. Traders may buy as a bullish biascould be present above the MYR0.98 level, with a target price of MYR1.10, followed by MYR1.27. The stock may drift lower if it dips back below the MYR0.98 mark. In this case, support is anticipated at MYR0.895, where traders can exit upon a breach to avoid the risk of a further correction.

 

Pan Malaysia Corporation may trend higher after surging above the MYR0.275 level to hit a 52-week high in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.315, followed by MYR0.365. The stock may consolidate if it falls back below the MYR0.275 mark. In this case, support is anticipated at MYR0.245, where traders can exit upon a breach to avoid the risk of a further correction.

 

 

Yong Tai was testing the MYR0.82 level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.90, assuming the MYR0.835 level can be breached. In the meantime, the stock may consolidate further if the MYR0.82 level cannot be surpassed. Further support may then be found at MYR0.71, where traders can exit upon a breach to avoid the risk of a further correction.

 

BIMB may experience a further rebound after recently recovering above the MYR3.37 level. Traders may buy, with a target price of MYR3.70, as a short-term bullish bias could be present above this level. The stock may drift sideways if it falls back below the MYR3.37 mark. In this case, support is anticipated at MYR3.22, where traders can exit upon a breach.

 

 

 

Halex rebounded to test the MYR0.63 level and 50-day MAV line in its recent session. Traders may buy if this level is breached in the near term, with a target price of MYR0.68, followed by MYR0.74. In the meantime, the stock may drift sideways if the MYR0.63 level cannot be surpassed. Further support may then be found at MYR0.555, where traders can exit upon a breach.

Genting Plantations is still on a valid uptrend despite taking a breather recently. Traders may buy as a bullish bias could be present above MYR10.80, with a target price of MYR11.78. The stock may consolidate if it dips back below the MYR10.80 mark. In this scenario, support is anticipated at MYR9.90, where traders can exit upon a breach.

 

Source: RHB Research - 11 Feb 2016

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calvintaneng

ONLY PM CORP IS ROCK SOLID IN ITS UP TREND!

BUFFERED STRONGLY BY 8 CENTS CASH PAY OUT!!

BUY NOW BEFORE STAR NEWSPAPER, NST, NANYANG, SINCHIEW, EDGEDAILY AND FOCUS MAG FOUND OUT.

ONCE THEY START HIGHLIGHTING THE 8 CENTS WINDFALL AND WHOLE MARKET SITS UP AND TAKE NOTICE

PM CORP (POWER MONEY CORP) WILL FLY AWAY!!

2016-02-11 13:01

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