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
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016