Fajarbaru Builder Group was testing the MYR0.615 level in its latest
session. The uptrend would be enhanced if it crosses above
this point in the near term, with a target price of MYR0.68, followed by
MYR0.73. However, it may take a breather if the MYR0.615 mark
cannot be surpassed. Support may be found at MYR0.555 where
traders can exit upon a breach to avoid the risk of a
further correction.
Mudajaya Group may trend higher after crossing above the
MYR1.40 level in its latest session, albeit marginally. A bullish
bias may be present above this point, with a target price of
MYR1.52, followed by MYR1.63. However, the stock may turn
sideways if it dips back below the MYR1.40 mark. Support may then
be found at MYR1.33, where traders can exit upon a breach to avoid the
risk of a further correction.
Malaysia Marine & Heavy Engineering Holdings may climb
further after surpassing the MYR1.11 level in its latest
session, albeit marginally. A bullish bias may be present above
this level, with a target price of MYR1.18, followed by MYR1.26.
However, the stockmay consolidate further if it cannot hold above the
MYR1.11 markin the near term. Support may then be found at
MYR0.99, where traders can exit upon a breach to avoid the
risk of a further correction.
Evergreen Fibreboard may experience a further technical
rebound after inching above the MYR1.08 level in its latest
session, albeit marginally. A bullish bias may be present above
this point, with a target price of MYR1.20, followed by MYR1.30.
However, the stockmay drift sideways if it cannot sustain above
the MYR1.08 mark. Support may then be found at MYR0.99, where
traders can exit upon a breach.
Pentamaster Corporation may rebound further after climbing above the
MYR0.625 level to cross the 50-day SMA line in its latest
session. A bullish bias may be present above this point, with
a target price of MYR0.71, followed by MYR0.765. However, the stock
may drift sideways if it cannot sustain above the MYR0.625
mark. Support may then be found at MYR0.56, where traders can
exit upon a breach.
Hiap Teck Venture was testing the MYR0.325 level in its
latest session. The stock may climb further if it surpasses this
level, with a target price of MYR0.37 and a potential resistance at
MYR0.33. On the other hand, it may move sideways if the MYR0.325 mark
cannot be breached. Support may be found at MYR0.28 where traders can
exit upon a breach.
Source: RHB Research - 7 Apr 2016
http://klse.i3investor.com/blogs/rhb/94408.jsp
