Press Metal rebounded to test the MYR2.80 resistance level in its latest session. The stock may trend higher if it breaches this point, with a target price of MYR3.12. On the other hand, it may driftsideways if the MYR2.80 mark cannot be surpassed. Support may be found at MYR2.60 where traders can exit upon a breach to avoid the risk of a further correction.
TRC Synergy may climb higher after inching above the MYR0.485level in its latest session, albeit marginally. A bullish bias may be present above this point, with a target price of MYR0.525, followed by MYR0.56. However, the stock may turn sideways if it dips back below the MYR0.485 mark in the near term. Support may then be found at MYR0.45, where traders can exit upon a breach to avoid the risk of a further correction.
Amcorp Properties may climb higher after recovering above the downtrend line and MYR0.91 level in its latest session, albeit marginally. A bullish bias may be present above this point, with a target price of MYR0.99. However, the stock may move sideways if it dips back below the MYR0.91 mark in the near term. Support may then be found at MYR0.88, where traders can exit upon a breach to avoid the risk of a further correction.
Halex may soon test the MYR0.57 resistance level after recovering back above the 50-day SMA line in its latest session. The stock may climb higher if it breaches this level in the near term, with a target price of MYR0.64. On the other hand, it may drift sideways if the MYR0.57 mark cannot be breached. Support may be found at MYR0.515 where traders can exit upon a breach.
MKH may trend higher after extending its climb above the MYR2.72 level in its latest session, albeit marginally. A bullish bias may be present above this point, with a target price of MYR3.09. However, the stock may take a breather if it dips back below the MYR2.72mark in the near term. Support may then be found at MYR2.58, where traders can exit upon a breach to avoid the risk of a further correction.
Menang Corporation was testing the MYR0.80 resistance level after recently recovering above the 50-day SMA line. The stock may trend upwards if it breaches this level in the near term, with a target price of MYR0.91. Meanwhile, it may experience some pullback if the MYR0.80 mark cannot be breached firmly. Support may be found at MYR0.735 where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 13 Apr 2016
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
MillionInMaking
Good charts
2016-04-13 11:44