Thong  Guan  Industries  may  trend  higher  after  breaching  the MYR3.10 level in its latest session. Traders may buy as a bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR3.50. The  stock  may  consolidate  as  before  if  it  dips  back  below  the MYR3.10  mark.  In  this  case,  support  is  anticipated  at  MYR2.82, where traders can exit upon a breach to avoid the risk of a further correction.

Spritzer  may  trend  higher  after  breaching  the  MYR2.40  level  in  its latest  session.  Traders  may  buy  as  a  bullish  bias  could  be  present above this level, with a target price of MYR2.75. The stock may take a  breather  if  it  dips  back  below  the  MYR2.40  mark.  In  this  case, support  is  anticipated  at  MYR2.22,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Tropicana Corporation  may resume its uptrend after recently taking a breaher. Traders may buy if the stock  holds  above the  MYR1.10 level in the near term, with a target price of MYR1.24, assuming the MYR1.17  resistance  level  can  be  surpassed.  The  stock  may  driftlower  if it dips back below the MYR1.10  mark. In this case,  further support  is  anticipated  at  MYR1.03,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

SP Setia may  experience a further technical  rebound  after  crossing above the MYR2.95 level in its latest session. Traders may buy if the stock  holds  above  this  price,  with  a  target  level  of  MYR3.24.  The stock may drift lower if it dips back below the MYR2.95 mark. In this case, further support is anticipated at MYR2.80, where traders can exit upon a breach.

Asdion  may  experience  a  further  technical  rebound  after  climbing above  the  downtrend  line  and  MYR0.44  level  in  its  latest  session. Traders may buy if the stock holds above this price, with a target of MYR0.52, followed by MYR0.575. The stock may drift lower if it dips back  below  the  MYR0.44  mark.  In  this  case,  further  support  is anticipated at MYR0.385, where traders can exit upon a breach.

AirAsia  X  was  testing  the  MYR0.225  support  level  in  its  latest session.  Traders  may  expect  further  weakness  if  it  falls  below  this price  in  the  near  term,  with  the  next  support  level  anticipated  at MYR0.205, followed by MYR0.18. The stock may trade sideways if it holds above the MYR0.225 mark  in the near term. The  bullish  bias may return if it surpass MYR0.25.

Source: RHB Research - 29 Feb 2016