Guan Chong may trend higher after climbing above the
MYR1.36level in its latest session to extend its 52-week high.
Traders may buy as a bullish bias could be present above this level,
with a target price of MYR1.55, followed by MYR1.69. The stock
may move sideways if it dips back below the MYR1.36 mark. In
this case, further support is anticipated at MYR1.21, where
traders can exit upon a breach to avoid the risk of a further
correction.
AWC may trend higher after climbing above the MYR0.415 level in its
latest session. Traders may buy as a bullish bias could be present
above this level, with a target price of MYR0.485, assuming
the MYR0.43 minor resistance can be surpassed. The stock may
consolidate further if it dips back below the MYR0.415 mark. In this
case, further support is anticipated at MYR0.365, where traders can
exit upon a breach to avoid the risk of a further correction.
Century Bond may trend higher after gaining above the MYR1.54
level in its latest session. Traders may buy as a bullish bias could be
present above this level, with a target price of MYR1.77. The stock
may consolidate further if it cannot sustain above the
MYR1.54mark. In this case, further support is anticipated at MYR1.41,
wheretraders can exit upon a breach.
IQ Group was testing the MYR2.46 resistance level and 50-day MAV line in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR2.46. In the meantime, the stock may drift sideways if the MYR2.20 level cannot be breached. Support may be found at MYR2.00, where traders can exit upon a breach.
My E.G. Services was testing the MYR2.30 resistance level
after forming a “Bullish Engulfing’ pattern in its latest
session. Traders may buy if this level is breached in the near term,
with a target price of MYR2.55, followed by MYR2.70. In the meantime,
the stock may trade sideways if the MYR2.30 level cannot be
breached. Support may be found at MYR2.07, where traders can exit upon
a breach to avoid the risk of a further correction.
Oceancash Pacific was testing the MYR0.46 resistance level in
its latest session. Traders may buy if this level is breached in the
near term, with a target price of MYR0.52. In the meantime,
the stock may trade sideways if the MYR0.46 level cannot be
breached. Support may be found at MYR0.41, where traders can exit upon a
breach to avoid the risk of a further correction.
Source: RHB Research - 11 Jan 2016
Trading Stocks - 11 January 2016 - Guan Chong | AWC | Century Bond | IQ | MYEG | Oceancash
http://klse.i3investor.com/blogs/rhb/89543.jsp
