Naim Holdings may trend higher after climbing above the MYR2.60level
in its latest session. Traders may buy as a bullish bias could be
present above this level, with a target price of MYR3.00. The stock
may take a further breather if it dips back below the MYR2.60 mark. In
this case, further support is anticipated at MYR2.40,
wheretraders can exit upon a breach to avoid the risk of a
further correction.
Mudajaya Group may trend higher after climbing above the MYR1.27 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.50. The stock may consolidate further if it dips back below the MYR1.27mark. In this case, further support is anticipated at MYR1.19, wheretraders can exit upon a breach to avoid the risk of a further correction.
Jaycorp may trend higher after having recently climbed above
the MYR1.25 level despite the latest pullback. Traders may buy
as a bullish bias could be present above this level, with a target
price of MYR1.40. The stock may drift sideways if it cannot
sustain above the MYR1.25 mark. In this case, further support
is anticipated at MYR1.15, where traders can exit upon a breach to
avoid the risk of a further correction.
ES Ceramics Technology may climb further after inching above the
MYR0.495 level, albeit marginally. Traders may buy as a bullish bias
could be present above this level, with a target price of
MYR0.55, followed by MYR0.595. The stock may consolidate further
if it cannot sustain above the MYR0.495 mark. In this case,
further support is anticipated at MYR0.45, where traders can
exit upon a breach to avoid the risk of a further correction.
Seacera Group may climb further after sustaining above the
MYR1.10 level. Traders may buy as a bullish bias could be present
above this level, with a target price of MYR1.25, followed by
MYR1.31. The stock may drift sideway if it cannot sustain above the
MYR1.10 mark. In this case, further support is anticipated at
MYR1.01, where traders can exit upon a breach to avoid the risk of a
further correction.
Rubberex Corporation was testing the MYR0.955 resistance level in
its latest session. Traders may buy if this level is breached
in the near term, with a target price of MYR1.03, followed by MYR1.10.
In the meantime, the stock may turn sideways if the MYR0.955 level
cannot be breached. Support may be found at MYR0.885, where
traders can exit upon a breach to avoid the risk of a
further correction.
Source: RHB Research - 8 Jan 2016
Trading Stocks - 8 January 2016 - Naim | Mudajaya | Jaycorp | ES Ceramics | Seacera | Rubberex
http://klse.i3investor.com/blogs/rhb/89427.jsp
