Aturmaju Resources may climb higher after surpassing the MYR1.56level
in its latest session to reach a new high. A bullish bias may be
present above this point, with a target price of MYR1.75. On
the other hand, it may take a breather if it dips back below the
MYR1.56mark. Support may be found at MYR1.42, where traders
can exit upon a breach to avoid the risk of a further correction.
Len Cheong was testing the MYR0.35 level in its latest session, as it extended its multi-year high. The stock may trend upwards if it breaches this point in thenear term, with a target price of MYR0.40. On the other hand, it may consolidate further if the MYR0.35 mark cannot be surpassed. Support may be found at MYR0.31, where traders can exit upon a breach to avoid the risk of a further correction.
Gadang may resume its uptrend after recovering above the
MYR2.03 level in its latest session to touch the 50-day SMA line. A
bullish bias may be present above this point, with a target price of
MYR2.24, followed by MYR2.45. On the other hand, it may
drift sideways if it dips back below the MYR2.03 mark. Support may be
found at MYR1.89, where traders can exit upon a breach to avoid the
risk of a further correction.
E. A. Technique may climb further after inching above the MYR1.18level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.28, followed by MYR1.38. The stock may turn sideways if it dips back below the MYR1.18 mark. In this case, support is anticipated at MYR1.12, where traders can exit upon a breach to avoid the risk of a further correction.
Malaysian Bulk Carriers may experience a further technical rebound
further after sustaining above the MYR0.695 level following its
breach in the downtrend line. A bullish bias may be present above this
point, with a target price of MYR0.78, followed by MYR0.835.
On the other hand, it may drift lower if it cannot hold
above the MYR0.695 mark in the near term. Support may be
found at MYR0.60, where traders can exit upon a breach.
CIMB Group may resume its recent uptrend after experiencing
support at the MYR4.65 and uptrend line. A bullish bias may
be present above this point, with a target price of MYR5.09, assuming
the MYR4.90 level can be surpassed. On the other hand, it may drift
lower if it cannot hold above the MYR4.65 mark in the near term.
Support may be found at MYR4.48, where traders can exit upon a breach.
Source: RHB Research - 30 Mar 2016
http://klse.i3investor.com/blogs/rhb/93937.jsp
