Eonmetall Group (EMETALL) may trend higher after recovering back above the MYR0.35 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.41. On the other hand, the stock may drift sideways if it dips back below the MYR0.35 level. Support may be found at MYR0.325, where traders can exit upon a breach to avoid the risk of a further correction.
Len Cheong may climb further after recovering above the MYR0.35 mark to recoup its recent losses. A bullish bias may be present above this point, with a target price of MYR0.40, followed by MYR0.425. The stock may consolidate further if it retraces below the MYR0.35 level in the near term. Support may be found at MYR0.33, where traders can exit upon a breach to avoid the risk of a further correction.
Sern Kou Resources may trend higher after inching above the MYR0.96 level in its latest session to hit a new high. A bullish bias may be present above this point, with a target price of MYR1.10. On the other hand, the stock may take a breather if it cannot sustain above the MYR0.96 level in the near term. Support may be found at MYR0.90, where traders can exit upon a breach on closing to avoid the risk of a further correction.
Lion Industries Corporation was testing the MYR0.43 level in its latest session in an attempt to resume its recent uptrend. The bullish bias may be enhanced if the stock surpass this point in the immediate term, with a target price of MYR0.475, followed by MYR0.50. However, it may drift sideways if the MYR0.43 mark cannot be surpassed. Support may be found at MYR0.395 where traders can exit upon a breach to avoid the risk of a further correction.
Uchi Technologies is still on a valid uptrend after recently surpassing the MYR1.69 level. A bullish bias may be present above this point, with a target price of MYR1.95, assuming the MYR1.78 level can be breached. On the other hand, the stock may consolidate further if it dips below the MYR1.69 level in the near term. Support may be found at MYR1.62, where traders can exit upon a breach on closing to avoid the risk of a further correction.
Padini was testing the MYR2.23 level in its latest session. A bullish bias may be enhanced if the stock surpass this point in the near term, with a target price of MYR2.50. However, it may consolidate further if the MYR2.23 mark cannot be surpassed. Support may be found at MYR2.04 where traders can exit upon a breach to avoid the risk of a further correction
Source: RHB Research - 3 May 2016
http://klse.i3investor.com/blogs/rhb/95775.jsp
