Magni-Tech Industries may climb higher after recovering above the MYR4.26 level and 50-day MAV line in its latest session.
Traders may buy as a bullish bias could be present above this level,
with a target price of MYR4.45, followed by MYR4.63. The stock may
consolidate further if it dips back below the MYR4.26 mark. In this
case, support is anticipated at MYR4.10, where traders can exit upon a
breach.
Prolexus rebounded to test the MYR2.24 level after recently moving above the downtrend line.
The stock may climb higher if it breaches this level in the near term,
with a target price of MYR2.36, followed by MYR2.48. In the meantime,
the stock may move sideways if the MY2.24 mark cannot be breached.
Further support may then be found at MYR2.15, where traders can exit
upon a breach.
Karex may rebound further after recovering above the MYR3.72level in its latest session.
Traders may buy as a bullish bias could be present above this level,
with a target price of MYR4.29, assuming the MYR4.05 level can be
surpassed. The stock may drift sideways if it dips back below the
MYR3.72 mark. In this case, support is anticipated at MYR3.54, where
traders can exit upon a breach.
UEM Sunrise was testing the MYR1.03 level after recently moving above the downtrend line.
The stock may climb higher if it breaches this level in the near term,
with a target price of MYR1.18. In the meantime, the stock may drift
sideways if the MY1.03 mark cannot be breached. Further support may then
be found at MYR0.925, where traders can exit upon a breach.
Tropicana may trend higher after breaching the MYR1.05 level in its latest session.
Traders may buy as a bullish bias could be present above this level,
with a target price of MYR1.18. The stock may take a further breather if
it falls back below the MYR1.05 mark. In this case, support is
anticipated at MYR1.00, where traders can exit upon a breach.
Malaysia Marine and Heavy Engineering may experience a
further technical rebound after climbing above the downtrend line and
MYR0.97 level in its latest session. Traders may buy as a
bullish bias could be present above this level, with a target price of
MYR1.18, provided the MYR1.03 minor resistance level can be surpassed.
The stock may drift sideways if it dips back below the MYR0.97 mark. In
this case, support is anticipated at MYR0.895, where traders can exit
upon a breach.
Source: RHB Research - 18 Feb 2016
http://klse.i3investor.com/blogs/rhb/91417.jsp
