Cocoaland  is  on  a  valid  uptrend  after  sustaining  above  the  50-day MAVline in recent trades. The stock may have a bullish bias trading above the MYR2.20 level, with a target price of MYR2.50, assuming the  MYR2.35  resistance  can  be  surpassed.  On  the  other  hand,  it may consolidate further if the MYR2.20 mark cannot be surpassed. Support may be found at MYR2.12, where  traders can exit upon a breach to avoid the risk of a further correction.

BHS  Industries  was  testing  the  MYR0.54  level  in  its  latest  session. The stock may trend higher if it breaches this level in the near term, with a target price of MYR0.57, followed by MYR0.605.  Meanwhile, it  may  move  sideways  if  the  MYR0.54  mark  cannot  be  surpassed. Support may be found  at MYR0.50, where traders can exit upon a breach to avoid the risk of a further correction

Emico  may rebound  further  after inching above the  downtrend line and MYR0.31  level.  A bullish bias  may be present above this mark, with  a  target  price  of  MYR0.34,  followed  by  MYR0.375.  The  stock may drift lower if it dips back below the MYR0.31 mark. In this case, support is anticipated at MYR0.275, where traders can exit upon a breach.

Pos  Malaysia  may  experience  a  further  technical  rebound  after crossing the 50-day MAV line to test the MYR2.44 level in its latest session. The  stock may trend higher if it breaches this level  in  the near  term,  with  a  target  price  of  MYR2.75.  However,  it  may  drift lower  if  the  MYR2.44  mark  cannot  be  surpassed.  Support  may  be found at MYR2.08, where traders can exit.

KSL may soon test the MYR1.37 level after its latest bullish candle. The stock may have a bullish bias if it breaches this in the near term, with  a  target  price  of  MYR1.50.  On  the  other  hand,  it  may consolidate  further  if  the  MYR1.37  mark  cannot  be  surpassed. Support may be found at MYR1.28, where traders can exit upon a breach. Alternatively,  a  stronger support  expected at MYR1.23  can be used as a reference.

CIMB Group may climb further after breaching the MYR4.65 level in its  latest  session.  The  stock  may  experience  increased  buying interest  if  it  maintains  above  this  level,  with  a  target  price  of MYR5.18.  On  the  other  hand,  it  may  turn  sideways  if  falls  back below  the  MYR4.65  mark.  Support  may  be  found  at  MYR4.47, where traders can exit upon a breach  to avoid the risk of a further correction.

Source: RHB Research - 18 Mar 2016