Press Metal rebounded to test the MYR2.80 resistance level in
its latest session. The stock may trend higher if it breaches this
point, with a target price of MYR3.12. On the other hand, it
may driftsideways if the MYR2.80 mark cannot be surpassed. Support may
be found at MYR2.60 where traders can exit upon a breach to
avoid the risk of a further correction.
TRC Synergy may climb higher after inching above the
MYR0.485level in its latest session, albeit marginally. A
bullish bias may be present above this point, with a target price of
MYR0.525, followed by MYR0.56. However, the stock may turn sideways
if it dips back below the MYR0.485 mark in the near term. Support may
then be found at MYR0.45, where traders can exit upon a breach to
avoid the risk of a further correction.
Amcorp Properties may climb higher after recovering above the
downtrend line and MYR0.91 level in its latest session, albeit
marginally. A bullish bias may be present above this point,
with a target price of MYR0.99. However, the stock may move sideways if
it dips back below the MYR0.91 mark in the near term. Support may then
be found at MYR0.88, where traders can exit upon a breach to avoid the
risk of a further correction.
Halex may soon test the MYR0.57 resistance level after recovering
back above the 50-day SMA line in its latest session. The stock may
climb higher if it breaches this level in the near term, with a target
price of MYR0.64. On the other hand, it may drift sideways
if the MYR0.57 mark cannot be breached. Support may be found
at MYR0.515 where traders can exit upon a breach.
MKH may trend higher after extending its climb above the MYR2.72 level
in its latest session, albeit marginally. A bullish bias may
be present above this point, with a target price of MYR3.09. However,
the stock may take a breather if it dips back below the
MYR2.72mark in the near term. Support may then be found at
MYR2.58, where traders can exit upon a breach to avoid the risk of a
further correction.
Menang Corporation was testing the MYR0.80 resistance level after
recently recovering above the 50-day SMA line. The stock may trend
upwards if it breaches this level in the near term, with a target price
of MYR0.91. Meanwhile, it may experience some pullback if the
MYR0.80 mark cannot be breached firmly. Support may be found at MYR0.735
where traders can exit upon a breach to avoid the risk of a further
correction.
Source: RHB Research - 13 Apr 2016
http://klse.i3investor.com/blogs/rhb/94710.jsp
