Trading Stocks - 17 December 2015 - Comfort Gloves | WTK | SYF | Rexit | Comintel | Ewein





Comfort  Gloves  may  trend  higher  after  surpassing  the  MYR0.935 level in its latest session to mark a new multi-year high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.10. The stock may drift sideways if it dips back below the  MYR0.935  level.  In  this  case,  further  support  is  anticipated  at MYR0.89, where traders can exit upon a breach to avoid the risk of a further correction.
 

WTK Holdings was testing  the  MYR1.27 resistance  level  in its latest session.  Traders  may  buy  if  this  level  is  breached  in  the  near  term, with a target price of MYR1.43. In the meantime, the stock may drift sideways  if  the  MYR1.27  level  cannot  be  breached.  Support  may then be found at MYR1.15, where traders can exit upon a breach to avoid the risk of a further correction.
 

SYF Resources may trend higher after breaching the MYR0.555 level in  its  latest  session.  Traders  may  buy  as  a  bullish  bias  could  be present  above  this  level,  with  a  target  price  of  MYR0.64.  The  stock may drift sideways if it dips back below the MYR0.555 level. In this case,  further  support  is  anticipated  at  MYR0.51,  where  traders  can exit upon a breach to avoid the risk of a further correction.
 

Rexit  may  rebound  further  after  bouncing  off  the  50-day  MAV  line to test the MYR0.60. Traders may buy if this level is breached in the near  term,  with  a  target  price  of  MYR0.67.  In  the  meantime,  the stock may drift sideways if the MYR0.60 level cannot be surpassed. Support  may  then  be  found  at  MYR0.56,  where  traders  can  exit upon a breach to avoid the risk of a further correction.
 

Comintel  Corporation  (COMCORP)  was  testing  the  MYR0.34 resistance  level  in  its  latest  session.  Traders  may  buy  if  this  level  is breached in the near term, with a target price of MYR0.40, provided the  MYR0.365  resistance  level  can  be  surpassed.  In  the  meantime, the  stock  may  consolidate  further  if  the  MYR0.34  level  cannot  be breached. Support can be found at MYR0.29, where traders can exit upon a breach to avoid the risk of a further correction.
 

Ewein was testing  the  MYR1.10 resistance level in its latest session as it made a new high on an intraday. Traders may buy if this level is breached  in  the  near  term,  with  a  target  price  of  MYR1.25.  In  the meantime, the stock may drift sideways if the MYR1.10 level cannot be  breached.  Support  may  then  be  found  at  MYR1.00,  where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction

Source: RHB Research - 17 Dec 2015
http://klse.i3investor.com/blogs/rhb/88223.jsp