KNM Group was challenging the MYR0.50 resistance level in its latest session. The stock may climb higher if it breaches this point in the near term, with a target price of MYR0.55. On the other hand, it may consolidate further if the MYR0.50 mark cannot be surpassed. Support may be found at MYR0.47, where traders can exit upon a breach.
Eco World Development Group was testing the MYR1.50 level in its latest session. The stock may trend upwards if it surpasses this level in the coming sessions, with a target price of MYR1.63. Meanwhile, it may move sideways if the MYR1.50 mark cannot be surpassed. Support may be found at MYR1.43, where traders can exit upon a breach to avoid the risk of a further correction.
George Kent touched the MYR1.77 level again in its latest session. The upside potential is likely greater if the stock breaches this point in the near term, with a target price of MYR2.00. In the meantime, it may trade sideways if the MYR1.77 resistance level proves to be strong. Support may be found at MYR1.67, where traders can exit upon a breach to avoid the risk of a further correction.
Cypark Resources reached the MYR1.97 resistance level after the recent bullish run. The stock may resume its uptrend if it breaches this level in the near term, with a target price of MYR2.15, followed by MYR2.30. On the other hand, it may take a breather if the MYR1.97 mark cannot be surpassed. Support may be found at MYR1.82, where traders can exit upon a breach to avoid the risk of a further correction.
TMC Life Sciences was testing the MYR0.73 level in its latest session. Although potentially overbought, the stock may eventually trend upwards if it breaches this level, with a target price of MYR0.81, followed by MYR0.85. On the other hand, it may experience a correction if the MYR0.73 mark cannot be surpassed firmly. Support may be found at MYR0.65, where traders can exit upon a breach to avoid the risk of a further correction.
Pintaras Jaya may soon test the MYR3.67 level after the recent rally. The stock may trend higher if it surpasses this barrier in the near term, with a target price of MYR4.00. On the other hand, it may turn sideways if the MYR3.67 mark cannot be surpassed going forward. Support may be found at MYR3.35, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 28 Mar 2016
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016