Sern Kou Resources may trend higher after climbing above the
MYR0.88 level in its latest session to mark a new high. A bullish bias
may be present above this point, with a target price of MYR1.00. On the
other hand, the stock may turn sideways if it dips back
below the MYR0.88 level. Support may be found at MYR0.81, where
traders can exit upon a breach to avoid the risk of a
further correction.
Tek Seng was testing the MYR1.14 level in its latest session
after rossing the 50-day SMA line in its latest session, albeit
marginally. The stock may climb further if it breaches this
point in the near term, with a target price of MYR1.28. On
the other hand, it may consolidate further if the MYR1.14 mark
cannot be surpassed. Support may be found at MYR1.04, where
traders can exit upon a breach to avoid the risk of a further
correction.
Padini may rebound further after climbing above the MYR2.04 level in
its latest session to touch the 50-day SMA line. A bullish bias may be
present above this point, with a target price of MYR2.21,
followed by MYR2.37. On the other hand, it may drift sideways if it
dips back below the MYR2.04 mark. Support may be found at
MYR1.94, where traders can exit upon a breach to avoid the risk of a
further correction.
Mah Sing Group may trend higher after sustaining above the
MYR1.47 level in its recent sessions. A bullish bias may be
present above this point, with a target price of MYR1.68,
assuming the MYR1.55 level can be surpassed. On the other
hand, it may take a breather if it dips back below the
MYR1.47 mark. Support may be found at MYR1.41, where traders
can exit upon a breach to avoid the risk of a further correction.
OCK Group was testing the MYR0.825 level in its latest session. The
stock may trend upwards if it crosses above this point in
the near term, with a target price of MYR0.96, provided the
MYR0.84 resistance level can be breached. The stock may consolidate
further if the MYR0.825 mark cannot be surpassed firmly.
Support may be found at MYR0.765 where traders can exit upon
a breach to avoid the risk of a further correction.
YNH Property was testing the MYR2.00 level again in its
latest session. The stock may trend upwards if it breaches this point in
the near term, with a target price of MYR2.20. On the other
hand, it may consolidate further if the MYR2.00 mark cannot be
surpassed. Support may be found at MYR1.87, where traders can
exit upon a breach.
Source: RHB Research - 20 Apr 2016
Trading Stocks - 20 April 2016 - Sern Kou | Tek Seng | Padini | Mah Sing | OCK | YNH
http://klse.i3investor.com/blogs/rhb/95076.jsp
