Tadmax Resources may trend higher after inching above theMYR0.365 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.425. The stock may take a breather if it cannot sustain above the MYR0.365 mark. In this case, support is anticipated at MYR0.335, where traders can exit upon a breach.

Bioalpha was testing the MYR0.355 resistance level in its latest session. The stock may climb higher if it breaches this level in the near term, with a target price of MYR0.40. On the other hand, it may consolidate further if the MYR0.355 mark cannot be surpassed. Support may be found at MYR0.325, where traders can exit upon a breach to avoid the risk of a further correction.

E.A. Technique was testing the MYR1.15 resistance level in its latest session after recently moving above the 50-day MAV line. The stock may climb further if breaches this level in the near term, with a target price of MYR1.28, followed by MYR1.38. On the other hand, it may consolidate further if the MYR1.15 mark cannot be surpassed. Support may be found at MYR1.00, where traders can exit upon a breach.

MMC Corporation was testing the MYR1.76 level in its latest sessionafter recently moving above the downtrend line. The stock may climb further if it violates this level in the near term, with a target price of MYR1.96, assuming the MYR1.86 level can be surpassed. On the other hand, it may drift sideways if the MYR1.76 mark cannot be surpassed. Support may be found at MYR1.61, where traders can exit upon a breach.

Malayan Banking may appreciate further after recently inching above the MYR8.72 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR9.20, followed by MYR9.55. The stock may take a further breather if it cannot sustain above the MYR8.72 mark. In this case, support is anticipated at MYR8.45, where traders can exit upon a breach.

Top Glove Corporation may experience further weakness after dropping below the MYR5.30 level in its latest session. Traders may expect further weakness if it stays below this level, with the next support anticipated at MYR4.60. The stock may trade sideways if it rebounds above the MYR5.30 level in the near term. The bullish bias may return if it recovers back above MYR5.89.

Source: RHB Research - 8 Mar 2016