BHS Industries rebounded to test the MYR0.50 level after bouncing off
the 50-ay SMA line to form a “Bullish Engulfing” pattern. The stock
may trend higher if it breaches this point, with a target price of
MYR0.54. On the other hand, it may drift sideways if the
MYR0.50 mark cannot be surpassed. Support may be found at
MYR0.475 where traders can exit upon a breach to avoid the risk of a
further correction.
Salcon may climb higher after inching above the MYR0.615 level in
its latest session. A bullish bias may be present above this
point,with a target price of MYR0.645, followed by MYR0.685. However,
the stock may turn sideways if it dips back below the
MYR0.615mark in the near term. Support may then be found at
MYR0.585, where traders can exit upon a breach on closing.
WTK was testing the MYR1.37 resistance level after touching
the 50-day SMA line in its latest session. The stock may climb higher if
it surpasses this level in the near term, with a target price of
MYR1.48, followed by MYR1.55. On the other hand, it may consolidate
further if the MYR1.37 mark cannot be breached. Support may be found at
MYR1.28 where traders can exit upon a breach.
Yen Global was testing the MYR0.51 resistance level in its latest session. The stock may climb higher if it surpasses this level in the near term, with a target price of MYR0.57. On the other hand, it may consolidate further if the MYR0.51 mark cannot be breached. Support may be found at MYR0.48 where traders can exit upon a breach.
Censof was testing the MYR0.275 resistance level after inching
above the 50-day SMA line. The stock may rebound further if
it breaches this level in the near term, with a target price of MYR0.30,
followed by MYR0.32. On the other hand, it may consolidate further if
the MYR0.275 mark cannot be breached. Support may be found at MYR0.25
where traders can exit upon a breach.
Pesona Metro was testing the MYR0.40 resistance level after
recently recovering above the 50-day SMA line. The stock may trend
upwards if it breaches this level in the near term, with a target price
of MYR0.465, assuming the MYR0.42 resistance level can be
surpassed. Meanwhile, it may consolidate further if the
MYR0.40mark cannot be breached firmly. Support may be found at
MYR0.375 where traders can exit upon a breach.
Source: RHB Research - 12 Apr 2016
http://klse.i3investor.com/blogs/rhb/94631.jsp
