OKA Corporation may trend higher after breaching the MYR1.06 level in its latest session to mark a new high. A bullish bias may be present above this point, with a target price of MYR1.20, followed by MYR1.28. On the other hand, the stock may turn sideways if it dips back below the MYR1.06 level. Support may be found at MYR0.97, where traders can exit upon a breach to avoid the risk of a further correction.
Len Cheong may trend higher after surpassing the MYR0.35 level in its latest session to mark a multi-year high. A bullish bias may be present above this point, with a target price of MYR0.40, followed by MYR0.425. On the other hand, it may take a breather if it dips back below the MYR0.35 mark. Support may be found at MYR0.31, where traders can exit upon a breach to avoid the risk of a further correction.
ES Ceramics Technology may trend higher after surging through the MYR0.565 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.60, followed by MYR0.65. On the other hand, it may drift sideways if it dips back below the MYR0.565 mark. Support may be found at MYR0.515, where traders can exit upon a breach to avoid the risk of a further correction.
Prolexus may experience a futher technical rebound after inching above the MYR1.95 level and downtrend line, albeit marginally. A bullish bias may be present above this point, with a target price of MYR2.18. On the other hand, it may drift sideways if it dips back below the MYR1.95 mark in the near term. Support may be found at MYR1.78, where traders can exit upon a breach.
Evergreen Fibreboard was testing the MYR1.13 level in its latest session after crossing above the 50-day SMA line. The stock may experience a further technical rebound if it crosses above this point in the near term, with a target price of MYR1.30, provided the MYR1.20 level can be surpassed. However, it will turn sideways if the MYR1.13 mark cannot be breached. Support may be found at YR1.06 where traders can exit upon a breach to avoid the risk of a further correction.
Mieco Chipboard was testing the MYR0.875 level after touching the 50-day SMA line, albeit marginally. The stock may experience a further technical rebound if it breaches this point in the near term, with a target price of MYR1.00. It will likely consolidate further if the MYR0.875 mark cannot be surpassed. Support may be found at MYR0.80 where traders can exit upon a breach.
Source: RHB Research - 25 Apr 2016
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016