Bernas may trade
higher if it can break above the 7-month high of RM3.30. Purchases can be made
if this happens or otherwise, on pullback
towards the stop loss of RM3.15. The
price target is RM3.90, provided that
the recent high of RM3.60 is broken
convincingly. The trade may not work should the stop loss be triggered but expect strong support at
RM3.00.
Harvest may trade
higher if it closes above Monday’s high of RM0.72. Purchases can be made if
this happens with a stop loss on close below yesterday’s low of RM0.67. The
price target is RM1.10, provided that the strong resistance of RM0.80 is
violated. A failure to close above RM0.72 will likely see the return of selling
and look for the downtrend to continue. Support is at RM0.50.
MHB may trade
lower if the psychological RM5.00 level fails to hold. Thus, liquidation can be
made on a close below RM5.00. Support is expected at RM4.50 and RM4.20. In the event of a false breakout, buying is only
confirmed on a close
back above RM5.50. If so, the stock should trade higher and
resistance is at RM6.35.
Kossan is facing
selling pressure as long as it closes below RM3.20. Positions can be exited
below this level and strong support is expected at RM3.00, followed by RM2.80.
The negative bias will be nullified should the stock close above the
2-week high of RM3.25. The stock should trade higher, and resistance is
at RM3.45 and the recent high of RM3.65.
Time dotCom Berhad
- The stock may trade lower after breaking the 5-month support level again yesterday.
Liquidation can be made on another close below RM0.68. Support is expected at the
Fibonacci retracement of OctFeb rally of RM0.60 and RM0.55. A close back above RM0.72 will likely nullify the negative bias and
indicate a return in buying.
Permaju may have
peaked in the short term after failing to violate the psychological RM1.00
yesterday. Thus, liquidation can be made on a close below the 2-day low of
RM0.75. An aggrasive trade may exit on
a rebound below RM1.00.
Support is expected at the Fibonacci retracement of the 5-day rally at RM0.63 and RM0.55. A close
above RM1.00 will nullify the negative bias and
should see it trading higher.
Coastal may trade
higher if it can close above last Friday’s “Long White Day” high of RM2.15. Purchases
can be made if this happens with a stop loss on close below the 3-day low of
RM2.04. The price target is RM2.40, followed by
the recent high of RM2.75. However, the correction since the February
high will continue should the stop loss be triggered. Support should come at
the recent low of RM1.94, with a stronger one at RM1.80.
Ariantec may
trade lower after failing to close above
the RM0.25 resistance level
convincingly despite testing it multiple times in the past 3 weeks. Weakness is
confirmed on a close below yesterday’s low of RM0.235 and liquidation can be
made if this happens. Support lies at
the Fibonacci retracement of
the April rise, at RM0.19 and
RM0.17. The negative bias is erased should the stock close above last week’s
high of RM0.26 and then, look for it to test the psychological RM0.30.
Source: OSK188
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