Karex may trend higher after climbing above the MYR4.15 level in its latest session to extend its new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR4.70, followed by MYR4.90. The stock may consolidate further if it dips back below the MYR4.15 mark. In this case, further support is anticipated at MYR3.80, where traders can exit upon a breach to avoid the risk of a further correction.
Evergreen Fibreboard may trend higher after climbing above the MYR2.44 level in its latest session to extend its new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.65, followed by MYR2.80. The stock may consolidate further if it dips back below the MYR2.44 mark. In this case, further support is anticipated at MYR2.23, where traders can exit upon a breach to avoid the risk of a further correction.
Subur Tiasa may trend higher after climbing above the MYR2.00 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.34, followed by MYR2.50. The stock may drift sideways if it cannot sustain above the MYR2.00 mark. In this case, further support is anticipated at MYR1.90, where traders can exit upon a breach to avoid the risk of a further correction.
TDM may soon test the MYR0.725 resistance level after its latest candle and recent recovery above the 50-day MAV line. Traders may buy if this level is breached in the near term, with a target price of MYR0.80, followe by MYR0.85. In the meantime, the stock mayconsolidate further if the MYR0.725 level cannot be breached. Support may be found at MYR0.64, where traders can exit upon a breach to avoid the risk of a further correction.
Luxchem Corporation may soon test the MYR1.79 resistance level after bouncing off the 50-day MAV line in its latest session. Traders ay buy if this level is breached in the near term, with a target price of MYR1.97, followed by MYR2.09. In the meantime, the stock may consolidate further if the MYR1.79 level cannot be breached.Support may be found at MYR1.60, where traders can exit upon a breach to avoid the risk of a further correction.
K-One Technology was testing the MYR0.335 resistance level in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.35, followed by MYR0.40. In the meantime, the stock may consolidate further if the MYR0.335 level cannot be breached. Support may be found at MYR0.30, where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 6 Jan 2016
http://klse.i3investor.com/blogs/rhb/89195.jsp
