MAA Group may trend higher after breaching the MYR0.99 level in its
latest session to reach a multi-year high. A bullish bias may
be present above this point, with a target price of MYR1.15.
On the other hand, the stock may consolidate further if it dips back
below the MYR0.99 level. Support may be found at MYR0.94, where
traders can exit upon a breach to avoid the risk of a
further correction.
Selangor Dredging may climb further after surpassing the MYR1.00 mark. A
bullish bias may be present above this point, with a target price of
MYR1.15. The stock may take a breather if it falls back below
the MYR1.00 level. Support may be found at MYR0.97, where traders can
exit upon a breach to avoid the risk of a further correction.
LCTH is still on a valid uptrend despite the recent breather. A bullish
bias may be present above the MYR0.685 level, with a target price of
MYR0.73, followed by MYR0.78. On the other hand, the stockmay
drift sideways if it cannot sustain above he MYR0.685 level in the
immediate term. Support may be found at MYR0.645, where traders
can exit upon a breach on closing to avoid the risk of a
further correction.
OCK Group is still consolidating with an upward bias despite the recent volatility. A bullish bias may be present preferably above the MYR0.81 mark, with a target price of MYR0.84, followed by MYR0.88. On th other hand, the stock may consolidate further if the uptrend does not resume in the near term. Support may be found at MYR0.765, where traders can exit upon a breach on closing to avoid the risk of a further correction
Ahmad Zaki Resources may soon test the MYR0.76 level after
its latest bullish rebound. The stock may trend higher if it breaches
this point in the near term, with a target price of MYR0.81, followed
by MYR0.875. However, it may consolidate further if the MYR0.76
mark cannot be surpassed. Support may be found at MYR0.70where
traders can exit upon a breach to avoid the risk of a further
correction.
Maxis may experience further weakness after recently falling below
the MYR5.93 level. Traders may expect further selling if the
stock stays below this point, with the next support anticipated
at MYR5.56, followed by MYR5.36. The stock may drift sideways
if it rebounds above the MYR5.93 mark. The bearish bias may be
eliminated if it crosses further above the MYR6.15 level.
Source: RHB Research - 28 Apr 2016
Trading Stocks - 28 April 2016 - MAA | Selangor Dredging | LCTH | OCK | Ahmad Zaki | Maxis
http://klse.i3investor.com/blogs/rhb/95584.jsp
