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Eonmetall Group (EMETALL) may trend higher after recovering back above the MYR0.35 level in its latest session. A  bullish bias may  be present  above  this  point,  with  a  target  price  of  MYR0.41.  On  the other  hand,  the  stock  may  drift  sideways  if  it  dips  back  below  the MYR0.35  level.  Support  may  be  found  at  MYR0.325,  where  traders can exit upon a breach to avoid the risk of a further correction.


Len Cheong may climb further after recovering above the MYR0.35 mark  to  recoup  its  recent  losses.  A  bullish  bias  may  be  present above  this  point,  with  a  target  price  of  MYR0.40,  followed  by MYR0.425.  The  stock  may  consolidate  further  if  it  retraces  below the  MYR0.35  level  in  the  near  term.  Support  may  be  found  at MYR0.33, where traders can exit upon a breach to avoid the risk of a further correction.


Sern  Kou  Resources  may  trend  higher  after  inching  above  the MYR0.96  level  in  its  latest  session  to  hit  a  new  high.  A  bullish  bias may be present above this point, with a target price of MYR1.10. On the  other  hand,  the  stock  may  take  a  breather  if  it  cannot  sustain above the MYR0.96 level in the near term. Support may be found at MYR0.90, where traders can exit upon a breach on closing to avoid the risk of a further correction.


Lion  Industries  Corporation  was  testing  the  MYR0.43  level  in  its latest  session  in  an  attempt  to  resume  its  recent  uptrend.  The bullish  bias  may  be  enhanced  if  the  stock  surpass  this  point  in  the immediate  term,  with  a  target  price  of  MYR0.475,  followed  by MYR0.50.  However,  it  may  drift  sideways  if  the  MYR0.43  mark cannot  be  surpassed.  Support  may  be  found  at  MYR0.395  where traders  can  exit  upon  a  breach  to  avoid  the  risk  of  a  further correction.


Uchi Technologies is still on a valid uptrend after recently surpassing the  MYR1.69  level.  A  bullish  bias  may  be  present  above  this  point, with a target price of MYR1.95, assuming the MYR1.78 level can be breached. On the other hand, the stock may consolidate further if it dips  below  the  MYR1.69  level  in  the  near  term.  Support  may  be found at MYR1.62, where traders can exit upon a breach on closing to avoid the risk of a further correction.


Padini  was  testing  the  MYR2.23  level  in  its  latest  session.  A  bullish bias  may  be  enhanced  if  the  stock  surpass  this  point  in  the  near term,  with  a  target  price  of  MYR2.50.  However,  it  may  consolidate further  if  the  MYR2.23  mark  cannot  be  surpassed.  Support  may  be found  at  MYR2.04  where  traders  can  exit  upon  a  breach  to  avoid the risk of a further correction
Source: RHB Research - 3 May 2016

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