Excel Force MSC (EFORCE) may trend higher after breaching the MYR1.05 level in its latest session to reach a new high. A bullish biasmay be present above this point, with a target price of MYR1.25. On the other hand, the stock may drift sideways if it dips back below the MYR1.05 level. Support may be found at MYR1.00, where traders can exit upon a breach to avoid the risk of a further correction.
Hiap Teck Ventures may climb further after surpassing the MYR0.45mark. A bullish bias may be present above this point, with a target
price of MYR0.57. The stock may take a breather if it falls back below the MYR0.45 level. Support may be found at MYR0.41, where traders can exit upon a breach to avoid the risk of a further correction.
Sasbadi may rebound further after recovering above the downtrend line and MYR1.25 level. A bullish bias may be present above this point, with a target price of MYR1.45. On the other hand, the stock may drift sideways if it cannot sustain above the MYR1.25 level in the near term. Support may be found at MYR1.20, where traders can exit upon a breach on closing to avoid the risk of a further correction.
TPC Plus was testing the MYR0.46 level in its latest session. The stock may trend higher if it breaches this point in the near term, with a target price of MYR0.52. However, it may experience a pullback if the MYR0.46 mark cannot be surpassed. Support may be found at MYR0.40 where traders can exit upon a breach to avoid the risk of a further correction.
Source: RHB Research - 29 Apr 2016
http://klse.i3investor.com/blogs/rhb/95660.jsp
