JCY International may soon test the MYR0.75 level after recovering
above the 50-day SMA line in its latest session. The stock
may rebound further if it breaches this point in the near
term, with a target price of MYR0.805. On the other hand, it
may consolidate further if the MYR0.75 mark cannot be
surpassed. Support may be found at MYR0.68, where traders can exit
upon a breach.
Sedania Innovator may climb further after recovering above the
MYR0.445 level and 50-day SMA line in its latest session. A
bullish bias may be present above this point, with a target
price of MYR0.51. On the other hand, it may turn sideways if
it dips back below the MYR0.445 mark. Support may be found at
MYR0.405, where traders can exit upon a breach to avoid the risk of a
further correction.
ES Ceramics Technology trend higher after recovering above the
MYR0.55 level in its latest session, albeit marginally. A
bullish bias may be present above this point, with a target price of
MYR0.60. On the other hand, it may drift sideways if it dips
back below the MYR0.55 mark. Support may be found at MYR0.50,
where traders can exit upon a breach to avoid the risk of a further
correction.
Kronologi Asia rebounded to test the MYR0.22 level in its
latest session. The stock may climb further if it breaches this point
in the near term, with a target price of MYR0.255. However,
it may drift sideways if the MYR0.22 mark cannot be surpassed. Support
may be found at MYR0.20, where traders can exit upon a breach
to avoid the risk of a further correction.
Top Glove Corporation may soon test the MYR5.18 level after
potentially moving above the downtrend line. The stock may
climb further if it breaches this point in the near term, with a target
price of MYR5.50, followed by MYR5.89. However, it may drift
lower if the MYR5.18 mark cannot be surpassed. Support may be
found at MYR4.87 where traders can exit upon a breach.
Felda Global Ventures was testing the MYR1.54 level and 50-day
SMA line in its latest session. The stock may climb further
if it breaches this point in the near term, with a target price of
MYR1.66. On the other hand, it may turn sideways if the
MYR1.54 mark cannot be surpassed. Support may be found at
MYR1.43, where traders can exit upon a breach.
Source: RHB Research - 31 Mar 2016
http://klse.i3investor.com/blogs/rhb/94012.jsp
