Yong Tai may trend higher after climbing above the MYR0.855 level
in its latest session to mark a new multi-year high. A
bullish bias may be present above this point, with a target
price of MYR0.935, followed by MYR1.00. On the other hand, the
stock may turn sideways if it dips back below the MYR0.855 level.
Support may be found at MYR0.80, where traders can exit upon a
breach to avoid the risk of a further correction.
Gadang may rebound further after recovering back above the
MYR2.05 level and 50-day SMA line, albeit marginally. A bullish bias
may be present above this point, with a target price of
MYR2.24, assuming the MYR2.15 level can be surpassed. On the other hand,
it may take a breather if it dips back below the MYR2.05
mark. Support may be found at MYR1.90, where traders can exit
upon a breach to avoid the risk of a further correction.
Protasco was testing the MYR1.71 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 MYR1.92. This
is provided that the MYR1.78 resistance level can be breached.
The stock may consolidate further if the MYR1.71 mark cannot
be surpassed firmly. Support may be found at MYR1.64, where
traders can exit upon a breach to avoid the risk of a further
correction.
KESM Industries may rebound further after crossing above
the 50-day SMA line and MYR4.30 level in its latest session.
A bullish bias may be present above this point, with a target
price of MYR4.74. This is assuming that the MYR4.58 level can
be surpassed. On the other hand, it may drift sideways if it dips
back below the MYR4.30 mark. Support may be found at MYR4.07,
where traders can exit upon a breach to avoid the risk of a further
correction.
Sunway Construction was testing the downtrend line and
MYR1.60 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 MYR1.72. The stock may turn sideways if the MYR1.61
mark cannot be surpassed. Support may be found at MYR1.54
where traders can exit upon a breach to avoid the risk of a further
correction.
Greenyield may climb further after recovering back above the
MYR0.26 level in its latest session. A bullish bias may be
present above this point, with a target price of MYR0.285,
followed by MYR0.325. On the other hand, it may drift sideways
if it dips back below the MYR0.26 mark. Support may be found
at MYR0.24, where traders can exit upon a breach to avoid the risk
of a further correction.
Source: RHB Research - 21 Apr 2016
http://klse.i3investor.com/blogs/rhb/95158.jsp
