OKA Corporation may trend higher after breaching the MYR1.06
level in its latest session to mark a new high. A bullish bias may be
present above this point, with a target price of MYR1.20,
followed by MYR1.28. On the other hand, the stock may turn
sideways if it dips back below the MYR1.06 level. Support may
be found at MYR0.97, where traders can exit upon a breach to avoid the
risk of a further correction.
Len Cheong may trend higher after surpassing the MYR0.35 level in its
latest session to mark a multi-year high. A bullish bias may
be present above this point, with a target price of MYR0.40,
followed by MYR0.425. On the other hand, it may take a
breather if it dips back below the MYR0.35 mark. Support may be found
at MYR0.31, where traders can exit upon a breach to avoid the risk of
a further correction.
ES Ceramics Technology may trend higher after surging through the
MYR0.565 level in its latest session. A bullish bias may be
present above this point, with a target price of MYR0.60,
followed by MYR0.65. On the other hand, it may drift sideways
if it dips back below the MYR0.565 mark. Support may be found
at MYR0.515, where traders can exit upon a breach to avoid the risk
of a further correction.
Prolexus may experience a futher technical rebound after
inching above the MYR1.95 level and downtrend line, albeit
marginally. A bullish bias may be present above this point,
with a target price of MYR2.18. On the other hand, it may
drift sideways if it dips back below the MYR1.95 mark in the near
term. Support may be found at MYR1.78, where traders can exit upon a
breach.
Evergreen Fibreboard was testing the MYR1.13 level in its
latest session after crossing above the 50-day SMA line. The
stock may experience a further technical rebound if it crosses above
this point in the near term, with a target price of MYR1.30,
provided the MYR1.20 level can be surpassed. However, it will
turn sideways if the MYR1.13 mark cannot be breached. Support
may be found at YR1.06 where traders can exit upon a breach to avoid
the risk of a further correction.
Mieco Chipboard was testing the MYR0.875 level after touching the
50-day SMA line, albeit marginally. The stock may experience a
further technical rebound if it breaches this point in the near term,
with a target price of MYR1.00. It will likely consolidate
further if the MYR0.875 mark cannot be surpassed. Support may be found
at MYR0.80 where traders can exit upon a breach.
Source: RHB Research - 25 Apr 2016
http://klse.i3investor.com/blogs/rhb/95368.jsp
