Padini was testing the MYR2.00 resistance level in its latest session.
Traders may buy if this level is breached in the near term,
with a target price of MYR2.20. In the meantime, the stock
may consolidate further if the MYR2.00 level cannot be breached.
Support may be found at MYR1.81, where traders can exit upon a breach.
Bioalpha may trend higher after surpassing the MYR0.335 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.385. The stock may turn sideways if it falls back below the MYR0.335 mark. In this case, further support is anticipated at MYR0.30, where traders can exit upon a breach.
NTPM may trend higher after extending its gain above the MYR0.96
level in its latest session to hit a new high. Traders may
buy as a bullish bias could be present above this level, with a
target price of MYR1.08. The stock may turn sideways if it dips
back below the MYR0.96 mark. In this case, further support is
anticipated at MYR0.92, where traders can exit upon a breach.
ES Ceramics Technology may climb higher after surpassing the
MYR0.55 level in its latest session to reach a new high. Traders may
buy as a bullish bias could be present above this level, with a target
price of MYR0.66, followed by MYR0.695. The stock may drift
sideways if it cannot sustain above the MYR0.55 mark. In this case,
further support is anticipated at MYR0.495, where traders can exit
upon a breach.
QL Resources may trend higher after surging passed the
MYR4.40level 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 MYR5.00. The stock may drift sideways if it cannot
sustain above the MYR4.40 mark. In this case, further support
is anticipated at MYR4.20, where traders can exit upon a breach to
avoid the risk of a further correction.
Ni Hsin Resources was testing the MYR0.33 resistance level in
its latest session. Traders may buy if this level is breached in the
near term, with a target price of MYR0.37. In the meantime,
the stock may consolidate further if the MYR0.33 level cannot
be breached.Support may be found at MYR0.29, where traders can exit
upon a breach.
Source: RHB Research - 15 Jan 2016
Trading Stocks - 15 January 2016 - Padini | Bioalpha | NTPM | ES Ceramics | QL | Ni Hsin
http://klse.i3investor.com/blogs/rhb/89826.jsp
