Uchi  Technologies  may  trend  higher  after  jumping  above  the MYR1.66  level  and  50-day  MAV  line  in  its  latest  session.  Traders may buy as a bullish  bias could be present above this  level, with a target price of MYR1.79, followed by MYR1.90. The stock may move sideways  if  it  dips  back  below  the  MYR1.66  mark.  In  this  case, support  is anticipated  at  MYR1.57,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Luxchem  Corporation  was  testing  the  MYR1.89  level  in  its  latest session. The  stock may trend higher if it breaches this level  in  the near term, with a target price of MYR2.10, followed by MYR2.23. On the other hand, it may take a breather if the MYR1.89 mark cannot be surpassed. Support may be found at MYR1.72, where traders can exit upon a breach to avoid the risk of a further correction.

Protasco  may rebound  further  after  climbing above the downtrend line  and  50-day  MAV  line.  Traders  may  buy  if  the  stock  remains above the  MYR1.51 level, with a target price of MYR1.66, followed by  MYR1.76.  The  stock  may  drift  lower  if  it  dips  back  below  the MYR1.51  mark.  In  this  case,  further  support  is  anticipated  at MYR1.45, where traders can exit upon a breach.

Efficient E-Solutions was testing the MYR0.31 level and 50-day MAV line in its latest session. The stock may climb  further  if it breaches this  level  in  the  near  term,  with  a  target  price  of  MYR0.355, followed by  MYR0.39. On the other  hand, it  may take a breather if the MYR0.31  mark cannot be surpassed. Support may be found at MYR0.27, where traders can exit upon a breach.

Ideal  Sun  City  was  testing  the  MYR0.495  level  after  moving  above the downtrend line. The stock may climb further if it breaches this level in the near term, with a target price of MYR0.525, followed by MYR0.58.  On  the  other  hand,  it  may  take  a  breather  if  the MYR0.495  mark  cannot  be  surpassed.  Support  may  be  found  at MYR0.43, where traders can exit upon a breach.

Petronas Chemicals Group was testing the MYR6.82  support level in its latest session  after dipping below the uptrend line. Traders may expect further weakness if  it  falls  below this level in the near term, with  the  next  support  level  anticipated  at  MYR6.50,  followed  by MYR6.20.  The  stock  may  trade  sideways  if  it  holds  above  the MYR6.82  level  in  the  near  term.  The  bullish  bias  may  return  if  it recovers back above MYR7.20.

Source: RHB Research - 26 Feb 2016