Hovid may trend higher after gaining above the MYR0.475 level to
cross the 50-day MAV line in its latest session, albeit
marginally. Traders may buy as a bullish bias could be present above
this level, with a target price of MYR0.51, followed by
MYR0.535. The stock may consolidate further if it cannot
sustain above the MYR0.475mark. In this case, further support is
anticipated at MYR0.45, wheretraders can exit upon a breach to
avoid the risk of a further correction.
Minho is still trading above the uptrend line and 50-day MAV line after taking a breather recently. Traders may buy as a bullish bias could be present above the MYR1.42 level, with a target price of MYR1.54, followed by MYR1.68. The stock may turn sideways if it falls back below the MYR1.42 mark. In this case, further support is anticipated at MYR1.36, where traders can exit upon a breach to avoid the risk of a further correction.
Hup Seng Industries may resume its uptrend after recovering back
above the MYR1.32 level to cross the 50-day MAV line, albeit
marginally. Traders may buy as a bullish bias could be present
above this level, with a target price of MYR1.46. The stock may turn
sideways if it dips back below the MYR1.32 mark. In this
case, further support is anticipated at MYR1.25, where traders
can exit upon a breach.
Pintaras Jaya may rebound further after recovering above the
MYR3.48 level and 50-day MAV line in its latest session.
Traders may buy as a bullish bias could be present above this level,
with a target price of MYR3.85, assuming the MYR3.70 level can
be surpassed. The stock may drift sideways if it cannot sustain above
the MYR3.48 mark. In this case, further support is anticipated
at MYR3.25, where traders can exit upon a breach.
Seal Incorporated may rebound further after surpassing the
MYR0.57 level in its latest session. Traders may buy as a bullish bias
could be present above this level, with a target price of MYR0.665,
followed by MYR0.71. The stock may drift sideways if it cannot
sustain above the MYR0.57 mark. In this case, further support
is anticipated at MYR0.535, where traders can exit upon a breach to
avoid the risk of a further correction.
Aemulus was testing the MYR0.52 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.575, followed by MYR0.615. In the meantime, the stock may consolidate further if the MYR0.52 level cannot be breached. Support may be found at MYR0.48, where traders can exit upon a breach.
Source: RHB Research - 14 Jan 2016
http://klse.i3investor.com/blogs/rhb/89771.jsp
