KPS Consortium may trend higher after jumping above the MYR0.61 level in its latest sessio, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.67, followed by MYR0.70. The stock may drift lower if it cannot sustain above the MYR0.61 mark. In this case, support is anticipated at MYR0.55, where traders can exit upon a breach to avoid the risk of a further correction.
SLP Resources may trend higher after inching above the MYR2.22level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.60, assuming the MYR2.41 resistance can be surpassed. The stock may consolidate further if it dips back below the MYR2.22 mark. In this case, support is anticipated at MYR2.05, where traders can exit upon a breach to avoid the risk of a further correction.
Selangor Properties may trend higher after jumping above the MYR5.57 level in its latest session. Traders may buy if the stock holds above this level in the near term, with a target price of MYR6.00, followed by MYR6.40. The stock may consolidate further if it dips back below the MYR5.57 mark. In this case, further support is anticipated at MYR5.35, where traders can exit upon a breach to avoid the risk of a further correction.
BIMB may experience a further technical rebound after inching above the MYR3.55 level in its latest session. Traders may buy if the stock holds above this level in the near term, with a target price of MYR3.70, followed by MYR3.95. The stock may consolidate further if it dips back below the MYR3.55 mark. In this case, further support is anticipated at MYR3.24, where traders can exit upon a breach.
UMW Holdings was testing the MYR7.16 level and 50-day MAV line as it formed a “Bullish Engulfing” pattern in its latest trade. The stock may experience a further technical rebound if it surpasses this level, with a target price of MYR8.35. On the other hand, it may resume consolidation if the MYR7.16 mark cannot be breached. Support may be found at MYR6.50, where traders can exit upon a breach.
Carlsberg Brewery Malaysia may trend higher after climbing above the MYR12.28 level in its latest session. Traders may buy if the stock sustains above the this level in the near term, with a target price of MYR13.40. The stock may drift sideways if it cannot sustain above the MYR12.28 mark. In this case, further support is anticipated at MYR12.00, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 1 Mar 2016
Chart | Stock Name | Last | Change | Volume |
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2024-08-23
BIMB2024-08-23
BIMB2024-08-23
BIMB2024-08-22
BIMB2024-08-22
BIMB2024-08-22
BIMB2024-08-22
BIMB2024-08-22
SLP2024-08-21
BIMB2024-08-21
BIMB2024-08-20
BIMB2024-08-20
BIMB2024-08-20
BIMB2024-08-20
CARLSBG2024-08-20
CARLSBG2024-08-20
CARLSBG2024-08-20
CARLSBG2024-08-20
CARLSBG2024-08-19
BIMB2024-08-19
BIMB2024-08-19
CARLSBG2024-08-16
BIMB2024-08-16
BIMB2024-08-16
BIMB2024-08-16
BIMB2024-08-13
BIMB2024-08-13
BIMBCreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016