Kian Joo Can Factory may climb further after breaching the
MYR3.20 level and 50-day SMA line in its latest session. A
bullish bias may be present above this point, with a target
price of MYR3.50, assuming the MYR3.40 resistance can be
surpassed. However, the stock may turn sideways if it cannot sustain
above the MYR3.20 mark in the near term. Support may then be
found at MYR3.10, where traders can exit upon a breach.
Unimech Group may trend higher after inching above the MYR1.25level
in its latest session, albeit marginally. A bullish bias may
be present above this point, with a target price of MYR1.38, followed
by MYR1.46. However, the stock may turn sideways if it dips back
below the MYR1.25 mark in the near term. Support may then be
found at MYR1.14, where traders can exit upon a breach to avoid the
risk of a further correction.
Spring Gallery may trend higher after climbing above the
MYR0.685level in its latest session. A bullish bias may be present above
this point, with a target price of MYR0.74, followed by
MYR0.785. However, the stock may drift sideways if it falls
back below the MYR0.685 mark in the near term. Support may
then be found at MYR0.64, where traders can exit upon a breach to
avoid the risk of a further correction.
PRG was testing the MYR1.14 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 MYR1.28, assuming the MYR1.18 level can be surpassed. On the other hand, it may consolidate further if the MYR1.14 mark cannot be breached. Support may be found at MYR1.03 where traders can exit upon a breach to avoid the risk of a further correciton.
Lii Hen Industries was testing the MYR2.25 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 MYR2.51, assuming the MYR2.33 minor resistance
can be surpassed. On the other hand, it may drift lower if
the MYR2.25mark cannot be breached. Support may befound at MYR2.05
where traders can exit upon a breach.
Lion Industries may climb higher after inching above the MYR0.435
level in its latest session, albeit marginally. A bullish bias
may be present above this point, with a target price of MYR0.48.
However, the stock may face a correction if it dips back below the
MYR0.435 mark in the near term. Support may be found at
MYR0.40, where traders can exit upon a breach to avoid the
risk of a further correction.
Source: RHB Research - 19 Apr 2016
http://klse.i3investor.com/blogs/rhb/95011.jsp
