Cypark  Resources  may  trend  higher  after  climbing  above  the MYR1.71  level  in  its  latest  session  to  cross  the  50-day  MAV  line. Traders may buy as a bullish bias could be present above this level, with  a  target  price  of  MYR1.88,  followed  by  MYR1.97.  The  stock may take a breather if it cannot sustain above the MYR1.71 mark. In this case, support is anticipated at MYR1.60, where traders can exitupon a breach.

Vivocom  International  may  climb  further  after  inching  above  the MYR0.265  level  albeit  marginally,  to  touch  the  50-day  MAV  line. Traders may buy as a bullish bias could be present above this level, with  a  target  price  of  MYR0.30.  The  stock  may  drift  sideways  if  it cannot sustain  above the MYR0.265  mark  in thte near term. In this case,  support  is  anticipated  at  MYR0.25,  where  traders  can  exit upon a firm breach on closing.

ECS  ICT  was  testing  the  MYR1.68  resistance  level  in  its  latest session. The stock may climb further if  it  breaches this level in the near term, with a target price of MYR1.83, followed by MYR2.00. On the other hand, it may  drift  sideways if the MYR1.68  mark cannot be surpassed. Support may be found at MYR1.54, where traders can exit upon a breach.

Alliance  Financial  Group  (AFG)  may  trend  higher  after  climbing above the MYR3.64 level in its latest session. Traders may buy as a bullish bias could be present above this level, with  a target price of MYR4.18. The stock may take a breather if it cannot sustain above the MYR3.64 mark. In this case, support is anticipated at MYR3.43, where traders can exit upon a breach.

Malaysia  Building  Society  (MBSB)  may  experience  a  further technical rebound after inching above the MYR1.43 level in its latest session to cross the 50-day MAV line, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.55. The stock may take a breather if  it cannot sustain above  the  MYR1.43  mark.  In  this  case,  support  is  anticipated  at MYR1.32, where traders can exit upon a breach  to avoid the risk of a further correciton.

AMMB was testing the MYR4.54 resistance level in its latest session. The upward momentum may  pick up if it surpasses  this level in the near term, with a target price of MYR4.78, followed by MYR5.05. Onthe other hand, it may  drift sideways if the MYR4.54  mark cannot be breached.  Support may be found at MYR4.28, where traders can exit upon a breach.

Source: RHB Research - 7 Mar 2016