Trading Stocks - 18/4/2016 - GOB | JHM | AAX | Yee Lee | Century Logistics | Power Root






Global Oriental may climb further after breaching the MYR0.51 level in its latest session. A bullish bias may be present above this point, with  a  target  price  of  MYR0.58.  However,  the  stock  may  turn sideways  if  it  cannot  sustain  above  the  MYR0.51  mark  in  the  near term.  Support  may  then  be  found  at  MYR0.49,  where  traders  can exit upon a breach.


JHM  Consolidation  may  trend  higher  after  climbing  above  the MYR0.485  level  in  its  latest  session.  A  bullish  bias  may  be  present above  this  point,  with  a  target  price  of  MYR0.52,  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 MYR0.46, where  traders can  exit upon a  breach  to avoid the risk of a further correction.


AirAsia  X  may  trend  higher  after  surging  through  the  MYR0.325 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.40. However, the stock may drift lower  if  it  falls  back  below  the  MYR0.325  mark  in  the  near  term . Support  may  then  be  found  at  MYR0.295,  where  traders  can  exit upon a breach to avoid the risk of a further correction.


Yee  Lee  Corporation  may  trend  higher  after  extending  its  climb above the MYR2.34 level to record a new high in its latest session. A bullish bias may be present above  this point, with a target price of MYR2.62. However, the stock  may consolidate  if it dips back below the MYR2.34  mark in the near term. Support may then be found at MYR2.09, where traders can exit upon a breach to avoid the risk of a further correction.


Century  Logistics  was  testing  the  MYR0.92  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 MYR1.01. On the other hand, it may  drift  sideways  if  the  MYR0.92  mark  cannot  be  breached. Support may be found at MYR0.845  where traders can exit upon a breach to avoid the risk of a further correciton.


Power  Root  was  testing  the  MYR2.22  resistance  level  in  its  latest session. The stock may  experience a further technical rebound  if it breaches this level in the near term, with a target price of MYR2.50. On  the  other  hand,  it  may  drift  sideways  if  the  MYR2.22  mark cannot  be  breached.  Support  may  be  found  at  MYR2.00  where traders can exit upon a breach.
Source: RHB Research - 18 Apr 2016

Trading Stocks - 18/4/2016 - GOB | JHM | AAX | Yee Lee | Century Logistics | Power Root
http://klse.i3investor.com/blogs/rhb/94952.jsp