SKP Resources was testing the MYR1.36 level after recovering above the
50-day SMA line in its latest session. The stock may trend
upwards if it crosses above this point in the near term, with a target
price of MYR1.48, followed by MYR1.55. However, it may turn
sideways if the MYR1.36 mark cannot be surpassed. Support may be found
at MYR1.24 where traders can exit upon a breach to avoid the
risk of a further correction.
Mulpha International may trend higher after inching above the MYR0.30 level recently. A bullish bias may be present above this point, with a target price of MYR0.34. However, it may consolidate further if it dips back below the MYR0.30 mark. Support may then be found at MYR0.275, where traders can exit upon a breach to avoid the risk of a further correction.
Tune Protect Group is still on a valid near-term uptrend
despite recent volatility. A bullish bias may be present above the
MYR1.37 level, with a target price of MYR1.53, assuming the
MYR1.42 resistance level can be breached. However, the stock may
consolidate further if it cannot hold above the MYR1.37 mark.
Support may then be found at MYR1.28, where traders can exit
upon a breach to avoid the risk of a further correction.
Karex may trade with an upward bias after rebounding back above the
50-day SMA line and the MYR4.00 mark in its latest session,
albeit marginally. A bullish bias may be present above this
point, with a target price of MYR4.18, followed by MYR4.38. However, the
stock may consolidate further if it cannot hold above the MYR4.00
mark. Support may then be found at MYR3.70, where traders can
exit upon a breach to avoid the risk of a further correction.
Comfort Gloves may soon test the MYR0.83 level after
recovering above the downtrend line in its latest session, albeit
marginally. The stock may rebound further if it crosses above
this point, with a target price of MYR0.925, assuming the MYR0.86
resistance can be surpassed. However, it may drift lower if the
MYR0.83 mark cannot be surpassed. Support may be found at MYR0.76
where traders can exit upon a breach.
Poh Huat Resources may soon test the MYR1.54 level after recently
moving above the downtrend line. The stock may climb further if it
surpasses this level, with a target price of MYR1.72. On the
other hand, it may drift sideways if the MYR1.54 mark cannot
be breached. Support may be found at MYR1.42 where traders can exit upon
a breach.
Source: RHB Research - 6 Apr 2016
http://klse.i3investor.com/blogs/rhb/94340.jsp
