Trading Stocks - 22 April 2016 - EFORCE | UEM Edgenta | Ikhmas Jaya | Minho | SYF | Tanah Makmur






Excel  Force  MSC  (EFORCE)  may  rebound  futher  after  bouncing  off the 50-day SMA line  to cross the  downtrend line, albeit marginally. A bullish bias may be present above MYR0.95, with a target price of MYR1.05.  On the other hand, the stock  may turn sideways  if it dips back below the MYR0.95  level.  Support may be found at MYR0.885, where traders can  exit upon a breach to avoid the risk of a further correction.

UEM Edgenta  may trend higher  after  surpassing the MYR3.71  levelin its latest session. A bullish bias may be present above this point, with a target price of MYR4.40, assuming the MYR3.87  level can be surpassed. On the other hand, it may take a breather if it dips back below  the  MYR3.71  mark.  Support  may  be  found  at  MYR3.50, where traders can exit upon a breach to avoid the risk of a further correction.


Ikhmas  Jaya  may  trend  higher  after  surging  through  the  MYR0.75 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.835, followed by MYR0.905. On the  other  hand,  it  may  drift  sideways  if  it  dips  back  below  the MYR0.75 mark. Support may be found at MYR0.715, where traders can exit upon a breach to avoid the risk of a further correction.

Minho may rebound further  after crossing above the MYR1.30 level in its latest session. A bullish bias may be present above this point,with a target price of MYR1.54, provided the MYR1.39 level can be surpassed.  On the other  hand, it may  drift sideways if it dips back below  the  MYR1.30  mark.  Further  support  may  be  found  at MYR1.24, where traders can exit upon a breach to avoid the risk of a further correction.


SYF  Resources  may  trend  higher  after  inching  above  the  MYR0.58level  and 50-day SMA line, albeit marginally.  Still, a  bullish bias may be  present  above  this  point,  with  a  target  price  of  MYR0.63, followed by MYR0.675. On the other hand, it may drift sideways if it dips  back  below  the  MYR0.58  mark.  Support  may  be  found  at MYR0.545, where traders can exit upon a breach.


Tanah Makmur  was testing the  MYR1.45  level in its latest session. The  stock  may  trend  upwards  if  it  crosses  above  this  point  in  the near term, with a target price of MYR1.60.  It  will likely consolidate further if the MYR1.45  mark cannot be surpassed.  Support may be found  at  MYR1.36  where  traders  can  exit  upon  a  breach  to  avoid the risk of a further correction.
Source: RHB Research - 22 Apr 2016

http://klse.i3investor.com/blogs/rhb/95231.jsp