Tadmax Resources may trend higher after surging above the
MYR0.38 level in its latest session to hit a new 52-week
high. A bullish bias may be present above this point, with a target
price of MYR0.475, provided the MYR0.425 minor resistance level
can be surpassed. On the other hand, it may turn sideways if it dips
back below the MYR0.38 mark. Support may be found at MYR0.355,
where traders can exit upon a breach to avoid the risk of a further
correction.
GHL Systems may trend upwards after recovering above the
MYR0.91 level in its latest session. A bullish bias may be
present above this point, with a target price of MYR1.01,
followed by MYR1.06. However, it may consolidate as before if it
cannot sustain above the MYR0.91 mark. Support may then be found at
MYR0.84, where traders can exit upon a breach.
DRB-Hicom may rebound further after recovering above the
MYR1.08 level in its latest session. A bullish bias may be
present above this point, with a target price of MYR1.18,
followed by MYR1.30. However, it may drift sideways if it cannot hold
above the MYR1.08 mark in the near term. Support may then be
found at MYR1.02, where traders can exit upon a breach on closing.
UEM Sunrise was testing the MYR1.15 level in its latest session. The
stock may climb further if it breaches this point in the
near term, with a target price of MYR1.27. Meanwhile, it may move
sideways if the MYR1.15 mark cannot be surpassed. Support may be found
at MYR1.06 where traders can exit upon a breach to avoid the risk of a
further correction.
Iskandar Waterfront City (IWCITY) was testing the MYR0.84 level
after recovering above the 50-day SMA line in its latest session. The
stock may trend upwards if it crosses above this point in the near
term, with a target price of MYR0.93. However, it may drift
sideways if the MYR0.84 mark cannot be surpassed. Support may be found
at MYR0.76 where traders can exit upon a breach.
Malayan Banking (Maybank) may climb higher after closing firmly
above the MYR9.00 level in its latest session. A bullish bias may be
the MYR9.60 resistance level can be surpassed. On the other hand, it
may turn sideways if it dips back below the MYR9.00
mark.Support may be found at MYR8.65, where traders can exit upon a
breach to avoid the risk of a further correction.
Source: RHB Research - 5 Apr 2016
http://klse.i3investor.com/blogs/rhb/94260.jsp
