KNM Group may trend higher after inching above the MYR0.50 level in
its latest session. A bullish bias may be present above this point,
with a target price of MYR0.55, followed by MYR0.575. However,
the stock may turn sideways if it dips back below the MYR0.50 mark in
the near term. Support may then be found at MYR0.47, where
traders can exit upon a breach.
Kronologi Asia was testing the MYR0.225 resistance level in its latest
session. The stock may trend higher if it breaches this level in the
near term, with a target price of MYR0.255, followed by MYR0.275. On
the other hand, it may turn sideways if the MYR0.225 mark
cannot be breached. Support may be found at MYR0.20 where
traders can exit upon a breach to avoid the risk of a
further correction.
LCTH Corporation may trend higher after crossing above the
MYR0.67 level in its latest session. A bullish bias may be
present above this point, with a target price of MYR0.725,
followed by MYR0.78. However, the stock may take a breather if
it dips back below the MYR0.67 mark in the near term.
Support may then be found at MYR0.62, where traders can exit upon
a breach to avoid the risk of a further correction.
Tambun Indah Land may rebound further after bouncing off the 50-day
SMA line to climb above the downtrend line, albeit marginally. A
bullish bias may be present above the MYR1.44 level, with a
target price of MYR1.59. However, the stock may face a further
correction if it dips back below the MYR1.44 mark in the near term.
Support may then be found at MYR1.33, where traders can exit
upon a breach to avoid the risk of a further correction.
Gabungan AQRS was testing the MYR0.86 resistance level in its
latest session. The stock may climb higher if it breaches this level in
the near term, with a target price of MYR0.91, followed by
MYR1.00. On the other hand, it may resume moving sideways if the
MYR0.86 mark cannot be breached. Support may be found at
MYR0.815 where traders can exit upon a breach.
Uzma was testing the MYR2.00 resistance level in its latest session. The stock may climb higher if it breaches this level in the near term, with a target price of MYR2.17. On the other hand, it may drift sideways if the MYR2.00 mark cannot be breached. Support may be found at MYR1.85 where traders can exit upon a breach.
Source: RHB Research - 15 Apr 2016
http://klse.i3investor.com/blogs/rhb/94824.jsp
