RHB Research

Trading Stocks - 4 March 2016 - NTPM | Kimlun | Deleum | Lee Swee Kiat | Unisem | Signature

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Publish date: Fri, 04 Mar 2016, 09:40 AM

NTPM  may  trend  higher  after  breaching  the  MYR0.98  level  in  its latest  session  to  hit  a  new  high.  Traders  may  buy  as  a  bullish  bias could  be  present  above  this  level,  with  a  target  price  of  MYR1.15. The  stock  may  take  a  breather  if  it  cannot  sustain  above  the MYR0.98  mark.  In  this  case,  support  is  anticipated  at  MYR0.90, where traders can exit upon a breach.

 


Kimlun Corporation  may climb further  after  recently surpassing the MYR1.57  level in its latest session. Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR1.75, assuming the MYR1.67  resistance can be breached. The stock may turn  sideways  if  it  cannot  hold  above  the  MYR1.57  mark.  In  this case,  support  is  anticipated  at  MYR1.47,  where  traders  can  exit upon a breach.

 

Deleum rebounded to test the MYR1.18  resistance level in its latest session.  The  stock  may  climb  further  if  breaches  this  level  in  the near  term,  with  a  target  price  of  MYR1.38.  On  the  other  hand,  it may  drift  sideways  if  the  MYR1.18  mark  cannot  be  surpassed.Support may be found at MYR1.03, where traders can exit upon a breach.

 


Lee  Swee  Kiat  Group  (LEESK)  was  testing  the  MYR0.30  level  in  its latest session. The stock may trend upwards if  it violates this level in the near term, with a target price of MYR0.335. On the other hand, it  may  consolidate  further  if  the  MYR0.30  mark  cannot  be surpassed.  Support  may  be  found  at  MYR0.27,  where  traders  can exit upon a breach.

 

Unisem may climb further after inching above the MYR2.30 level in its latest session, albeit marginally. Traders may buy as a bullish bias could  be  present  above  this  level,  with  a  target  price  of  MYR2.52, followed  by  MYR2.64.  The  stock  may  take  a  breather  if  it  cannot sustain above the MYR2.30 mark. In this case, support is anticipated at MYR2.19, where traders can exit upon a breach.

 


Signature International may soon test the MYR1.89  resistance levelafter  its  latest  climb.  The  upward  momentum  may  pick  up  if  it surpasses this level in the near term, with a target price of MYR2.03, followed  by  MYR2.13.  On  the  other  hand,  it  may  drift  sideways  if the  MYR1.89  mark  cannot  be  breached.  Support  may  be  found  at MYR1.75, where traders can exit upon a breach.

Source: RHB Research - 4 Mar 2016

 

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