Trading Stocks - 9 April 2015 - Salcon | Hovid | OCK | SLP | Yinson | Eco World
Salcon may trend higher after climbing above the MYR0.80 level in its latest session. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR0.875, followed by MYR0.935. The stock may fall and consolidate further if it cannot sustain above the MYR0.80 mark. In this case, further support is anticipated at MYR0.725, where traders can exit upon a breach.
Hovid may trend higher after closing above the MYR0.47 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.515, followed by MYR0.56. The stock may pull back to take a breather if it cannot sustain above the MYR0.47 mark. In this case, further support is anticipated at MYR0.41, where traders can exit upon a breach.
OCK Group was testing the MYR0.94 resistance level in its latest session. Traders may buy if this level is surpassed in the near term,with a target price of MYR1.00, followed by MYR1.05. In the meantime, the stock may consolidate further if the MYR0.94 level cannot be surpassed. In this scenario, further support may then be found at MYR0.865, where traders can exit upon a breach.
SLP Resources was testing the MYR0.86 resistance level in its latest session. Traders may buy if this level is surpassed in the near term,with a target price of MYR0.945, followed by MYR1.00. In the meantime, the stock may consolidate further if the MYR0.86 level cannot be surpassed. In this scenario, further support may then be found at MYR0.755, where traders can exit upon a breach.
Yinson Holdings was testing the MYR3.00 resistance level in its latest session. Traders may buy if this level is surpassed in the near term, with a target price of MYR3.30. In the meantime, the stock may move sideways if the MYR3.00 level cannot be surpassed. In this scenario, further support may then be found at MYR2.66, where traders can exit upon a breach.
Eco World Development Group may fall further after breaching the MYR1.77 level in its latest session. Traders may expect further weakness if the stock stays below this level in the near term, with the next support level anticipated at MYR1.54. The stock may move sideways or rebound further if it recovers back above the MYR1.77level, while the bearish bias may be removed if the MYR2.00 level is surpassed.
Source: RHB
http://klse.i3investor.com
Salcon may trend higher after climbing above the MYR0.80 level in its latest session. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR0.875, followed by MYR0.935. The stock may fall and consolidate further if it cannot sustain above the MYR0.80 mark. In this case, further support is anticipated at MYR0.725, where traders can exit upon a breach.
Hovid may trend higher after closing above the MYR0.47 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.515, followed by MYR0.56. The stock may pull back to take a breather if it cannot sustain above the MYR0.47 mark. In this case, further support is anticipated at MYR0.41, where traders can exit upon a breach.
OCK Group was testing the MYR0.94 resistance level in its latest session. Traders may buy if this level is surpassed in the near term,with a target price of MYR1.00, followed by MYR1.05. In the meantime, the stock may consolidate further if the MYR0.94 level cannot be surpassed. In this scenario, further support may then be found at MYR0.865, where traders can exit upon a breach.
SLP Resources was testing the MYR0.86 resistance level in its latest session. Traders may buy if this level is surpassed in the near term,with a target price of MYR0.945, followed by MYR1.00. In the meantime, the stock may consolidate further if the MYR0.86 level cannot be surpassed. In this scenario, further support may then be found at MYR0.755, where traders can exit upon a breach.
Yinson Holdings was testing the MYR3.00 resistance level in its latest session. Traders may buy if this level is surpassed in the near term, with a target price of MYR3.30. In the meantime, the stock may move sideways if the MYR3.00 level cannot be surpassed. In this scenario, further support may then be found at MYR2.66, where traders can exit upon a breach.
Eco World Development Group may fall further after breaching the MYR1.77 level in its latest session. Traders may expect further weakness if the stock stays below this level in the near term, with the next support level anticipated at MYR1.54. The stock may move sideways or rebound further if it recovers back above the MYR1.77level, while the bearish bias may be removed if the MYR2.00 level is surpassed.
Source: RHB
http://klse.i3investor.com
