Luxchem Corporation may trend higher after gaining above the
MYR1.79 level in its latest session to mark a new high. Traders may buy
as a bullish bias could be present above this level, with a target
price of MYR1.97, followed by MYR2.09. The stock may consolidate
further if it cannot sustain above the MYR1.79 mark. In this
case, further support is anticipated at MYR1.60, where traders
can exit upon a breach to avoid the risk of a further correction.
Muhibbah Engineering may trend higher after climbing above
the MYR2.41 level in its latest session. Traders may buy as a bullish
bias could be present above this level, with a target price
of MYR2.66, followed by MYR2.82. The stock may drift sideways
if it falls back below the MYR2.41 mark. In this case, further
support is anticipated at MYR2.29, where traders can exit upon a breach
to avoid the risk of a further correction.
KPS Consortium may trend higher after breaching the MYR0.545
level in its latest session to hit a new 52-week high. Traders may buy
as a bullish bias could be present above this level, with a
target price of MYR0.59, followed by MYR0.65. The stock may
move sideways if it dips back below the MYR0.545 mark. 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.
Dolomite Corporation may trend higher after gaining above the
MYR0.56 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 MYR0.67, followed by MYR0.705.
The stock may trade sideways if it cannot sustain above the MYR0.56
mark. In this case, further support is anticipated at MYR0.50, where
traders can exit upon a breach to avoid the risk of a further
correction.
Scientex may trend higher after gaining above the MYR9.94 level in
its latest session to mark a new high. Traders may buy as a bullish
bias could be present above this level, with a target price
of MYR11.00, followed by MYR11.70. The stock may consolidate if
it cannot sustain above the MYR9.94 mark. In this case,
further support is anticipated at MYR9.43, where traders can
exit upon a breach to avoid the risk of a further correction.
UEM Edgenta was testing the MYR3.50 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR3.87, assuming the MYR3.70 level can be surpassed. In the meantime, the stock may consolidate further if the MYR3.50 level cannot be breached. Support may be found at MYR3.21, where traders can exit upon a breach.
Source: RHB Research - 13 Jan 2016
http://klse.i3investor.com/blogs/rhb/89696.jsp
