Hock  Seng  Lee  was  testing  the  MYR2.00  level  while  reaching  a multi-year high  during its latest  session. The stock may trend higher if  it  breaches  this  level  in  the  near  term,  with  a  target  price  of MYR2.13,  followed  by  MYR2.25.  On  the  other  hand,  it  may  trade sideways if the MYR2.00 mark cannot be surpassed. Support may be found at MYR1.93, where  traders can  exit upon a  breach to avoid the risk of a further correction.

Kumpulan Perangsang Selangor  (KPS) was testing the MYR1.05 leveland 50-day MAV line  in its latest session. The stock may experience a further technical rebound if it breaches this level in the near term, with  a  target  price  of  MYR1.17.  On  the  other  hand,  it  may  drift sideways if the MYR1.05 mark cannot be surpassed. Support may be found at MYR0.96, where traders can exit upon a breach.

Kobay  Technology  may  rebound  further  after  inching  above  the MYR1.59  level  and  the  downtrend  line.  A  bullish  bias  may  be present above this mark, with a target price of MYR1.75.  The stock may drift sideways  if it  dips back below  the MYR1.59  mark. In this case,  support  is  anticipated  at  MYR1.46,  where  traders  can  exit upon a breach.

Jaycorp may climb further after recovering above the MYR1.03 levelin its latest session. A bullish bias may be present above this mark, with  a  target  price  of  MYR1.14,  followed  by  MYR1.22.  The  stock may move sideways if it dips back below the MYR1.03  mark. In this case,  support  is  anticipated  at  MYR0.97,  where  traders  can  exit upon a breach.

Sunway may trend higher after inching above the MYR3.08 level in its  latest  session,  albeit  marginally.  Traders  may  buy  if  the  stock maintains above this point, with a target price of MYR3.20, followed by  MYR3.48.  The  stock  may  consolidate  as  before  if  it  dips  back below the MYR3.08 mark in the near term. In this case, support is anticipated  at  MYR2.92,  where  traders  can  exit  upon  a  breach  to avoid the risk of a further correction.

Gamuda has  been  trading sideways with an upward bias in recent months.  The  stock  may  experience  increased  buying  interest  if  it surpasses the MYR4.74  level  in the near term, with a target price of MYR5.10.  On  the  other  hand,  it  may  consolidate  further  if  the MYR4.74  mark  cannot  be  surpassed.  Support  may  be  found  at MYR4.32, where  traders can exit upon a breach  to avoid the risk of a further correction.

Source: RHB Research - 17 Mar 2016