Comfort Gloves may trend higher after surpassing the MYR0.935
level in its latest session to mark a new multi-year high. Traders may
buy as a bullish bias could be present above this level, with a target
price of MYR1.10. The stock may drift sideways if it dips back below
the MYR0.935 level. In this case, further support is
anticipated at MYR0.89, where traders can exit upon a breach to avoid
the risk of a further correction.
WTK Holdings was testing the MYR1.27 resistance level in its latest
session. Traders may buy if this level is breached in the
near term, with a target price of MYR1.43. In the meantime, the stock
may drift sideways if the MYR1.27 level cannot be breached.
Support may then be found at MYR1.15, where traders can exit upon a
breach to avoid the risk of a further correction.
SYF Resources may trend higher after breaching the MYR0.555 level in
its latest session. Traders may buy as a bullish bias could
be present above this level, with a target price of MYR0.64.
The stock may drift sideways if it dips back below the MYR0.555 level.
In this case, further support is anticipated at MYR0.51, where
traders can exit upon a breach to avoid the risk of a further
correction.
Rexit may rebound further after bouncing off the 50-day MAV
line to test the MYR0.60. Traders may buy if this level is breached in
the near term, with a target price of MYR0.67. In the
meantime, the stock may drift sideways if the MYR0.60 level cannot be
surpassed. Support may then be found at MYR0.56, where traders
can exit upon a breach to avoid the risk of a further correction.
Comintel Corporation (COMCORP) was testing the MYR0.34
resistance level in its latest session. Traders may buy if
this level is breached in the near term, with a target price of
MYR0.40, provided the MYR0.365 resistance level can be surpassed.
In the meantime, the stock may consolidate further if the
MYR0.34 level cannot be breached. Support can be found at MYR0.29,
where traders can exit upon a breach to avoid the risk of a further
correction.
Ewein was testing the MYR1.10 resistance level in its latest session
as it made a new high on an intraday. Traders may buy if this level is
breached in the near term, with a target price of MYR1.25.
In the meantime, the stock may drift sideways if the MYR1.10 level
cannot be breached. Support may then be found at MYR1.00, where
traders can exit upon a breach to avoid the risk of a
further correction
Source: RHB Research - 17 Dec 2015
http://klse.i3investor.com/blogs/rhb/88223.jsp
