MMS Ventures was testing the MYR0.535 resistance level in its
latest session after recently moving above the downtrend line. The
stock may rebound further if it breaches this point, with a
target price of MYR0.615. On the other hand, it may trade sideways if
the MYR0.535 mark cannot be surpassed. Support may be found at
MYR0.46 where traders can exit upon a breach.
Ekovest may trend higher after surpassing the MYR1.18 level in its
latest session. A bullish bias may be present above this point, with a
target price of MYR1.33. However, the stock may turn sideways if it
dips back below the MYR1.18 mark in the near term. Support may then be
found at MYR1.10, where traders can exit upon a breach.
Dufu Technology may soon test the MYR0.525 resistance level after
touching the 50-day SMA line in its latest session. The stock
may climb higher if it surpasses this level in the near term, with a
target price of MYR0.59. On the other hand, it may consolidate further
if the MYR0.525 mark cannot be breached. Support may be found at
MYR0.475 where traders can exit upon a breach.
Malakoff Corporation may trend higher after sustaining above
the MYR1.67 level. A bullish bias may be present above this point, with
a target price of MYR1.88, assuming the MYR1.78 resistance
level can be breached. The stock may consolidate again if it
dips back below the MYR1.67 mark in the near term. Support
may then be found at MYR1.59, where traders can exit upon a breach.
Note that a stronger support is expected at MYR1.50.
Managepay Systems is attempting to rebound after bouncing off
the 50-day SMA line in its latest session. Traders may buy
if theMYR0.245 level can be surpassed with a target price of
MYR0.285, assuming the MYR0.26 resistance can be overcome. On
the other hand, it may drift lower if the MYR0.245 mark cannot be
breached.Support may be found at MYR0.225, where traders can exit upon a
breach.
Maxis may trend lower after dipping below the uptrend line and 50-day
SMA line in its latest session. Traders may expect further
weakness if it stays below the MYR6.20 level in the immediate term,
with support anticipated at MYR5.94, followed by MYR5.56. The
stock may trade sideways if it recovers above the MYR6.20
mark. The bearish bias may be eliminated if it breaches the MYR6.45
level.
Source: RHB Research - 11 Apr 2016
http://klse.i3investor.com/blogs/rhb/94571.jsp
