Padini may trend higher after recovering above the 50-day MAV line with  a  valid  general  uptrend.  Traders  may  buy  if  the  stock  stays above the  MYR2.05  level,  with a target price of MYR2.21, followed by  MYR2.36.  The  stock  may  move  sideways  if  it  cannot  sustain above  the  MYR2.05  mark.  In  this  case,  support  is  anticipated  at MYR1.95, where traders can exit  upon a breach  to avoid the risk of a further correction.

Formosa  Prosonic  Industries  (FPI)  may  trend  higher  after  jumping above the MYR1.00 mark  in its latest  session.  A bullish bias may be present if the stock holds above  this  level  in the near term, with a target  price  of  MYR1.15.  The  stock  may  take  a  breather  if  it  dips back  below  MYR1.00  mark.  In  this  case,  support  is  anticipated  at MYR0.95, where traders can exit upon a breach  to avoid the risk of a further correction.

BHS Industries may trend  higher after surging through  the MYR0.50 level  in  its  latest  session.  Traders  may  buy  if  the  stock  sustainsabove this level, with a target price of MYR0.57. The stock may drift sideways  if  it  cannot  hold  above  the  MYR0.50  mark.  In  this  case, support  is  anticipated  at  MYR0.46,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Federal  Furniture  Holdings  may  soon  test  the  MYR1.00  resistance level after recovering above 50-day MAV line. The stock may extend higher if it breaches this level  firmly  in the near term, with a target price of MYR1.18. On the other hand, it may consolidate further   if the MYR1.00  mark cannot be surpassed.  Support may be found at MYR0.87, where traders can exit upon a breach to avoid the risk of a further correction.

V.S.  Industry  may  soon  test  the  MYR1.23  resistance  level  after recently forming a “Hammer” pattern. The stock may  experience a further technical rebound  if it breaches this level  in the near term, with  a  target  price  of  MYR1.34.  On  the  other  hand,  it  may  drift sideways if the MYR1.23 mark cannot be surpassed. Support may be found at MYR1.15, where traders can exit upon a breach.

Ta Ann may rebound further after forming a “Bullish Harami” in its latest  session.  The  stock  may  experience  a  technical  rebound  if  it breaches the MYR4.70  level in the  near term, with a target price of MYR5.20,  assuming  the  MYR5.00  level  can  be  surpassed.  On  the other  hand,  it  may  drift  sideways  if  the  MYR4.70  mark  cannot  be surpassed.  Support  may  be  found  at  MYR4.44,  where  traders  can exit upon a breach.

Source: RHB Research - 10 Mar 2016