Malaysian  Resources  Corporation  may  trend  higher  after  closing above the MYR1.24 level in its latest session. The stock may have a bullish bias trading above this point, with a target price of MYR1.40 notwithstanding  a  possible  resistance  at  MYR1.36.  On  the  other hand, it may take a breather if it retraces  back below the MYR1.24 mark.  Support  may  be  found  at  MYR1.15,  where  traders  can  exit upon a breach to avoid the risk of a further correction.

IFCA  MSC  may  rebound  further  after  surging  through  the  50-day MAV line and MYR0.77 level, albeit marginally. A bullish bias may be present  above  this  mark,  with  a  target  price  of  MYR0.845.    The stock may drift sideways if it falls back below the MYR0.77 mark. In this case, support is anticipated at MYR0.70, where traders can exit upon a breach.

Fitters  Diversified  may  rebound  further  after  surging  through  the downtrend line and 50-day MAV line. A bullish bias may be present above the MYR0.465 level, with a target price of MYR0.50, followed by MYR0.53. The stock may turn sideways if it dips  back below the MYR0.465  mark.  In  this  case,  support  is  anticipated  at  MYR0.43, where traders can exit upon a breach.

Iskandar  Waterfront  City  (IWCITY)  was  testing  the  MYR0.84  level again in its latest session, after crossing the 50-day MAV line, albeit marginally. The stock may trend upwards if it breaches this point  in the  near  term,  with  a  target  price  of  MYR0.93,  followed  by MYR0.97.  On  the  other  hand,  it  may  drift  sideways  if  the  MYR0.84 mark  cannot  be  surpassed.  Support  may  be  found  at  MYR0.76, where traders can exit upon a breach.

JHM  Consolidation  was  testing  the  MYR0.50  level  in  its  latest session. The stock may trend upwards if it breaches this level in the near  term,  with  a  target  price  of  MYR0.565.  On  the  other  hand,  it may consolidate further if the MYR0.50 mark cannot be surpassed. Support may be found at MYR0.445, where traders can exit upon a breach to avoid the risk of a further correction.

Wah  Seong  Corporation  may  experience  a  further  technical rebound  amid  recent  oversold  conditions.  The  stock  may  climb higher  if  it  inches  above  the  MYR0.77  level,  with  a  target  price  of MYR0.815,  followed  by  MYR0.89.  On  the  other  hand,  it  may  drift lower if it cannot breach the MYR0.77 mark decisively. Support may be found at MYR0.72, where traders can exit upon a breach.

Source: RHB Research - 22 Mar 2016