RHB Research

Trading Stocks - 25 February 2016 - Harbour-Link | FARMBES | TUNEPRO | Karex | Raya | Pentamaster

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Publish date: Thu, 25 Feb 2016, 09:21 AM

Harbour-Link  Group  may  trend  higher  after  climbing  above  the downtrend  line  and  MYR2.89  level,  albeit  margially.  Traders  may buy as a bullish bias could be present above this level, with a target price of MYR3.16, followed by MYR3.40. The stock may consolidate if  it  dips  back  below  the  MYR2.89  mark.  In  this  case,  support  is anticipated  at  MYR2.66,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

 

Farm’s  Best  may  rebound  further  after  recovering  above  the MYR0.795  level  in  its  latest  session.  Traders  may  buy  as  a  bullish bias  could  be  present  above  this  level,  with  a  target  price  of MYR0.92.  The  stock  may  drift  sideways  if  it  cannot  sustain  above the  MYR0.795  mark.  In  this  case,  further  support  is  anticipated  at MYR0.73, where traders can exit upon a breach.

 

Tune Protect may rebound higher after climbing above the MYR1.21 level in its latest session to touch the 50-day MAV line. Traders may buy if the stock maintains  above this level  in the near term, with a target price of MYR1.37. The stock may drift sideways if it dips back below the MYR1.21 mark. In this case, further support is anticipated at MYR1.10, where traders can exit upon a breach.

 

Karex  was  testing  the  MYR4.07  level  in  its  latest  session,  climbing above  the  downtrend  line.  The  stock  may  rebound  further  if  it breaches this level in the near term, with a target price of MYR4.38, followed by MYR4.70. On the other  hand, it may take a breather if the  MYR4.07  mark  cannot  be  surpassed.  Support  may  be  found  at MYR3.83, where traders can exit upon a breach.

 

Raya  International  may  soon  test  the  MYR0.29  level  following  its recent uptrend. The stock may climb further if it breaches this level in the near term, with a target price of MYR0.35. On the other hand, it  may  take  a  breather  if  the  MYR0.29  mark  cannot  be  surpassed. Support  may  be  found  at  MYR0.25,  where  traders  can  exit  upon  a breach.
 

Pentamaster  was  testing  the  MYR0.65  support  level  in  its  latest session.  Traders  may  expect  further  weakness  if  it  dips  below  this level  in  the  near  term,  with  the  next  support  levels  anticipated  at MYR0.62, followed by MYR0.575. The stock may trade sideways if it maintains  above  the  MYR0.65  level  in  the  near  term.  The  bearish bias may be eliminated if it recovers back above MYR0.73.

Source: RHB Research - 25 Feb 2016

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