Oka Corporation may trend higher after breaching the
MYR0.975level in its latest session. Traders may buy as a bullish bias
could be present above this level, with a target price of
MYR1.06, followed by MYR1.15. The stock may trend sideways if it dips
back below the MYR0.975 mark. In this case, further support is
anticipated at MYR0.90, where traders can exit upon a breach to avoid
the risk of a further correction.
Latitude Tree may trend higher after surging above the
MYR7.64level in its latest session to mark a new high. Traders may buy
as a bullish bias could be present above this level, with a target
price of MYR8.50, followed by MYR9.00. The stock may consolidate
further if it falls back below the MYR7.64 mark. In this case, further
support is anticipated at MYR7.03, where traders can exit upon a breach
to avoid the risk of a further correction.
Engtex Group may trend higher after gaining above the
MYR1.32level in its latest session. Traders may buy as a bullish bias
could be present above this level, with a target price of
MYR1.43, followed by MYR1.54. The stock may turn sideways if it cannot
sustain above the MYR1.32 mark. In this case, further support
is anticipated at MYR1.25, where traders can exit upon a breach to
avoid the risk of a further correction.
Fajarbaru Builder Group may trend higher after jumping above the MYR0.56 leel in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.65, followed by MYR0.70. The stock may turn sideways if it cannot sustain above the MYR0.56 mark. In this case, further support is anticipated at MYR0.52, where traders can exit upon a breach to avoid the risk of a further correction.
SHH Resources was testing the MYR2.42 resistance level in its latest
session. Traders may buy if this level is breached in the near term,
ith a target price of MYR2.67, followed by MYR2.80. In the
meantime, the stock may consolidate further if the MYR2.42
level cannot be breached. Support may be found at MYR2.18,
where traders can exit upon a breach to avoid the risk of a
further correction.
Bumi Armada was testing the MYR0.94 support level in its
latest session after recently breaching the downtrend line.
Traders may expect a further weakness if this level could not hold,
with the next support anticipated at MYR0.90. The stock may move
sideways if it sustains above the MYR0.94 level, while the short-term
bearish bias may be eliminated if it recovers back above the MYR1.05
level.
Source: RHB Research - 12 Jan 2016
Trading Stocks -12 January 2016 - Oka | Latitude | Engtex | Fajarbaru | SHH | Armada
http://klse.i3investor.com/blogs/rhb/89599.jsp
