Kian Joo Can Factory may climb further after breaching the MYR3.20 level and 50-day SMA line in its latest session. A bullish bias may be present above this point, with a target price of MYR3.50, assuming the MYR3.40 resistance can be surpassed. However, the stock may turn sideways if it cannot sustain above the MYR3.20 mark in the near term. Support may then be found at MYR3.10, where traders can exit upon a breach.
Unimech Group may trend higher after inching above the MYR1.25level in its latest session, albeit marginally. A bullish bias may be present above this point, with a target price of MYR1.38, followed by MYR1.46. However, the stock may turn sideways if it dips back below the MYR1.25 mark in the near term. Support may then be found at MYR1.14, where traders can exit upon a breach to avoid the risk of a further correction.
Spring Gallery may trend higher after climbing above the MYR0.685level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.74, followed by MYR0.785. However, the stock may drift sideways if it falls back below the MYR0.685 mark in the near term. Support may then be found at MYR0.64, where traders can exit upon a breach to avoid the risk of a further correction.
PRG was testing the MYR1.14 resistance level in its latest session. The stock may climb higher if it breaches this level in the near term, with a target price of MYR1.28, assuming the MYR1.18 level can be surpassed. On the other hand, it may consolidate further if the MYR1.14 mark cannot be breached. Support may be found at MYR1.03 where traders can exit upon a breach to avoid the risk of a further correciton.
Lii Hen Industries was testing the MYR2.25 resistance level 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 MYR2.51, assuming the MYR2.33 minor resistance can be surpassed. On the other hand, it may drift lower if the MYR2.25mark cannot be breached. Support may befound at MYR2.05 where traders can exit upon a breach.
Lion Industries may climb higher after inching above the MYR0.435 level in its latest session, albeit marginally. A bullish bias may be present above this point, with a target price of MYR0.48. However, the stock may face a correction if it dips back below the MYR0.435 mark in the near term. Support may be found at MYR0.40, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 19 Apr 2016
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016