Thong  Guan  Industries  may  soon  test  the  MYR3.30  level  after crossing above the 50-day MAV line. The stock may trend higher if it breaches  this  level,  with  a  target  price  of  MYR3.50,  followed  by MYR3.75.  On  the  other  hand,  it  may  consolidate  further  if  the MYR3.30  mark  cannot  be  surpassed.  Support  may  be  found  at MYR3.00, where traders can exit upon a breach to avoid the risk of a further correction.

Damansara Realty may rebound further after recovering above the MYR0.68  level  in  its  latest  session.  A  bullish  bias  may  be  present above this level, with a target price of MYR0.80. The stock may drift sideways  if  it  dips  back  below  the  MYR0.68  mark.  In  this  case, support is anticipated at MYR0.605, where traders can exit upon  a breach.

AirAsia  may climb further after inching above the MYR1.75  level in its  latest  session  to  hit  a  9-month  high.  A  bullish  bias  may  be present above this mark, with a target price of MYR2.02.  The stock may  face  a  correction  if  it  dips  back  below  the  MYR1.75  mark.  In this case, support is anticipated at MYR1.63, where traders can exit upon a breach to avoid the risk of a further correction.

Eco  World  Development  Group  may  climb  further  after  sustaining above the MYR1.34 level and 50-day MAV line.  A  bullish bias may be  present  above  this  mark,  with  a  target  price  of  MYR1.50.  The stock may move sideways if it dips back below the MYR1.34 mark. In  this  case,  support  is  anticipated  at  MYR1.27, where  traders  can exit upon a breach.

Mudajaya Group was testing the MYR1.21  level in its latest session. The stock may trend higher if it breaches this level in the near term, with  a  target  price  of  MYR1.36.  On  the  other  hand,  it  may consolidate  further  if  the  MYR1.21  mark  cannot  be  surpassed.Support may be found at MYR1.10, where traders can exit upon a breach.

Puncak  Niaga  may  experience  a  further  technical  rebound  after breaching the MYR1.16  level in its latest session. Traders may buy if the  stock  maintains  above  this  point,  with  a  target  price  of MYR1.34.  The  stock  may  turn  sideways  if  it  dips  back  below  the MYR1.16  mark in the near term. In this case, support is anticipated at MYR1.02, where traders can exit upon a breach.

Source: RHB Research - 16 Mar 2016