Sern  Kou  Resources  may  trend  higher  after  climbing  above  the MYR0.88 level in its latest session to mark a new high. A bullish bias may be present above this point, with a target price of MYR1.00. On the  other  hand,  the  stock  may  turn  sideways  if  it  dips  back  below the  MYR0.88  level.  Support  may  be  found  at  MYR0.81,  where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.

Tek  Seng  was  testing  the  MYR1.14  level  in  its  latest  session  after rossing the 50-day SMA line  in its latest session, albeit marginally. The  stock  may  climb  further  if  it  breaches  this  point  in  the  near term,  with  a  target  price  of  MYR1.28.  On  the  other  hand,  it  may consolidate  further  if  the  MYR1.14  mark  cannot  be  surpassed. Support  may  be  found  at  MYR1.04,  where  traders  can  exit  upon  a breach to avoid the risk of a further correction.

Padini may rebound further after climbing above the MYR2.04 level in its latest session to touch the 50-day SMA line. A bullish bias may be  present  above  this  point,  with  a  target  price  of  MYR2.21, followed by MYR2.37. On the other hand, it may drift sideways if it dips  back  below  the  MYR2.04  mark.  Support  may  be  found  at MYR1.94, where traders can exit upon a breach to avoid the risk of a further correction.

Mah  Sing  Group  may  trend  higher  after  sustaining  above  the MYR1.47  level  in  its  recent  sessions.  A  bullish  bias  may  be  present above  this  point,  with  a  target  price  of  MYR1.68,  assuming  the MYR1.55  level  can  be  surpassed.  On  the  other  hand,  it  may  take  a breather  if  it  dips  back  below  the  MYR1.47  mark.  Support  may  be found  at  MYR1.41,  where  traders  can  exit  upon  a  breach  to  avoid the risk of a further correction.

OCK Group was testing the MYR0.825 level in its latest session. The stock  may  trend  upwards  if  it  crosses  above  this  point  in  the  near term,  with  a  target  price  of  MYR0.96,  provided  the  MYR0.84 resistance level can be breached. The stock may consolidate further if  the  MYR0.825  mark  cannot  be  surpassed  firmly.  Support  may  be found  at  MYR0.765  where  traders  can  exit  upon  a  breach  to  avoid the risk of a further correction.

YNH  Property  was  testing  the  MYR2.00  level  again  in  its  latest session. The stock may trend upwards if it breaches this point in the near  term,  with  a  target  price  of  MYR2.20.  On  the  other  hand,  it may consolidate further if the MYR2.00 mark cannot be surpassed. Support  may  be  found  at  MYR1.87,  where  traders  can  exit  upon  a breach.

Source: RHB Research - 20 Apr 2016