Aeon Co. may rebound further after climbing above the MYR2.80
level in its latest session. A bullish bias may be present above this
point, with a target price of MYR3.10, provided the MYR2.95
resistance level can be surpassed. On the other hand, it may
turn sideways if it dips back below the MYR2.80 mark. Support may be
found at MYR2.64, where traders can exit upon a breach to avoid the
risk of a further correction.
NTPM may resume its uptrend after recently bouncing off the 50-day
SMA line to test the MYR1.01 level. A bullish bias may be
present above this point, with a target price of MYR1.08, followed by
MYR1.19. In the meantime, it may drift sideways if it cannot
breach the MYR1.01 mark. Support may then be found at MYR0.935,
where traders can exit upon a breach.
Global Oriental was testing the MYR0.495 level after recently
recovering above the 50-day SMA line. The stock may climb further if
it breaches this point in the near term, with a target price
of MYR0.525, followed by MYR0.58. On the other hand, it may
turn sideways if the MYR0.495 mark cannot be surpassed. Support may be
found at MYR0.45, where traders can exit upon a breach.
Matrix Concepts was testing the MYR2.55 level in its latest session.
The stock may climb further if it breaches this point in
the near term, with a target price of MYR2.79. Meanwhile, it
may consolidate furter if the MYR2.55 mark cannot be surpassed.
Support may be found at MYR2.35 where traders can exit upon a
breach to avoid the risk of a further correction.
Jaya Tiasa was testing the MYR1.50 level after recently
recovering above the 50-day SMA line. The stock may trend
upwards if it crosses above this point in the near term, with
a target price of MYR1.59, followed by MYR1.70. However, it
may turn sideways if the MYR1.50 mark cannot be surpassed. Support
may be found at MYR1.41 where traders can exit upon a breach to avoid
the risk of a further correction.
MMC Corporation may experience a further correction after
forming a “Bearish Engulfing” pattern in its latest session.
Traders may expect a further weakness if it stays below the MYR2.11
levelin the immediate term, with support anticipated at
MYR1.96. The stock may trade sideways if it recovers above the
MYR2.11 level. The bullish bias may return if it breaches the MYR2.20
level.
Source: RHB Research - 4 Apr 2016
http://klse.i3investor.com/blogs/rhb/94218.jsp
