RHB Research

Trading Stocks - 14 June 2016 - JOHOTIN | HWATAI | AWC | KOMARK | CENTURY | KEURO

kiasutrader
Publish date: Tue, 14 Jun 2016, 02:19 PM

Johore Tin may climb higher after crossing the MYR2.00 mark in its latest session. A bullish bias may be present above this point with a target price of MY2.23. The stock may consolidate further if it dips back below the MYR2.00 mark in the near term. Support may be found at MYR1.87, where traders can exit upon a breach to avoid the risk of a further correction.

Hwa Tai Industries may trend higher after surging through the MYR0.54 to extend its 52-week high. A bullish bias may be present above this point with a target price of MYR0.60, followed by MYR0.64. The stock may drift sideways if it cannot sustain above the MYR0.54 mark in the near term. Support may be found at MYR0.505, where traders can exit upon a breach.

AWC may trend higher after climbing above the MYR0.805 to extend its multi-year high in its latest session. A bullish bias may be present above this point with a target price of MYR0.875, followed by MYR0.935. The stock may drift sideways if it cannot sustain above the MYR0.805 mark in the near term. Support may be found at MYR0.73, where traders can exit upon a breach to avoid the risk of a further correction.

Komarkcorp may rebound further after inching above the MYR0.44 level in its latest session. A bullish bias may be present above this points with a target price of MYR0.53. The stock may trend sideways if it dips back below the MYR0.44 mark in the near term. Support may be found at MYR0.39, where traders can exit upon a breach.

Century Logistics may rebound further after sustaining above the MYR0.84 level in recent sessions. A bullish bias may be present above this point with a target price of MYR0.915, followed by MYR0.95. The stock may drift sideways if it cannot sustain above the MYR0.84 mark in the near term. Support may be found at MYR0.80, where traders can exit upon a breach.

Kumpulan Europlus was testing the MYR0.97 level in recent trades. A bullish bias may be present above this point with a target price of MYR1.03, followed by MYR1.10. The stock may consolidate further if it cannot surpass the MYR0.97 mark in the near term. Support may be found at MYR0.91, where traders can exit upon a breach to avoid the risk of a further correction.

Source: RHB Research - 14 Jun 2016

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