CAB Cakaran may trend higher after sustaining above the MYR1.83 level to extend its new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.05. The stock may take a breather if it dips back below the MYR1.83 mark. In this case, support is anticipated at MYR1.72, where traders can exit upon a breach to avoid the risk of a further correction.
K-One Technology was testing the MYR0.29 level after moving above the downtrend line. The stock may climb higher if it breaches this level in the near term, with a target price of MYR0.335. In the meantime, the stock may move sideways if the MY0.29 mark cannot be breached. Support may then be found at MYR0.265, where traders can exit upon a breach.
Jaya Tiasa was testing the MYR1.59 level in its latest session. The stock may trend higher if it breaches this level in the near term, with a target price of MYR1.18. On the other hand, it may consolidate further if the MY1.59 mark cannot be surpassed. Support may be found at MYR1.44, where traders can exit upon a breach.
Protasco was testing the MYR1.51 resistance level after recently moving above the downtrend line. The stock may rebound further ifit breaches this level with a target price of MYR1.66. In the meantime, the stock may drift lower if the MY1.51 mark cannot be breached. Support may then be found at MYR1.37, where traders can exit upon a breach
AWC was testing the MYR0.455 level in its latest session. The stock may trend higher if it breaches this level in the near term, with a target price of MYR0.485, followed by the psychological MYR0.50mark. Meanwhile, the stock may consolidate further if the MY0.455level cannot be surpassed. Support may be found at MYR0.40, where traders can exit upon a breach.
Alam Maritim was testing the MYR0.39 level in its latest session. The stock may experience a technical rebound if it breaches this level in the near term, with a target price of MYR0.45. In the meantime, the stock may drift sideways if the MY0.45 mark cannot be breached. Support may then be found at MYR0.35, where traders can exit upon a breach.
Source: RHB Research - 19 Feb 2016
