Excel Force MSC (EFORCE) may rebound futher after bouncing off
the 50-day SMA line to cross the downtrend line, albeit marginally. A
bullish bias may be present above MYR0.95, with a target price of
MYR1.05. On the other hand, the stock may turn sideways if it dips
back below the MYR0.95 level. Support may be found at MYR0.885, where
traders can exit upon a breach to avoid the risk of a further
correction.
UEM Edgenta may trend higher after surpassing the MYR3.71 levelin
its latest session. A bullish bias may be present above this point, with
a target price of MYR4.40, assuming the MYR3.87 level can be
surpassed. On the other hand, it may take a breather if it dips back
below the MYR3.71 mark. Support may be found at MYR3.50, where
traders can exit upon a breach to avoid the risk of a further
correction.
Ikhmas Jaya may trend higher after surging through the MYR0.75
level in its latest session. A bullish bias may be present above this
point, with a target price of MYR0.835, followed by MYR0.905. On the
other hand, it may drift sideways if it dips back below the
MYR0.75 mark. Support may be found at MYR0.715, where traders can exit
upon a breach to avoid the risk of a further correction.
Minho may rebound further after crossing above the MYR1.30 level in
its latest session. A bullish bias may be present above this point,with a
target price of MYR1.54, provided the MYR1.39 level can be surpassed.
On the other hand, it may drift sideways if it dips back below the
MYR1.30 mark. Further support may be found at MYR1.24, where
traders can exit upon a breach to avoid the risk of a further
correction.
SYF Resources may trend higher after inching above the
MYR0.58level and 50-day SMA line, albeit marginally. Still, a bullish
bias may be present above this point, with a target price of
MYR0.63, followed by MYR0.675. On the other hand, it may drift sideways
if it dips back below the MYR0.58 mark. Support may be found
at MYR0.545, where traders can exit upon a breach.
Tanah Makmur was testing the MYR1.45 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 MYR1.60. It will likely
consolidate further if the MYR1.45 mark cannot be surpassed. Support
may be found at MYR1.36 where traders can exit upon a breach
to avoid the risk of a further correction.
Source: RHB Research - 22 Apr 2016
http://klse.i3investor.com/blogs/rhb/95231.jsp
