UM Land may trade
higher after closing at a 4-year high. Purchases can be made above
RM1.63 with a close below RM1.53 as a stop loss. The measured move price target
is RM2.10, provided that the resistance
of RM1.85 is convincingly broken.
AFG may trade
higher if it breaks above the 10-year high of RM4.00. Purchases can be made on
close above RM4.00 with a stop loss of RM3.70. An aggressive trade may choose
RM3.88 as the stop loss. The price target is RM4.70, with
resistance also expected at RM4.30.
Metro Kajang may
trade higher if it can close above its 14-year high of R2.10. Last Friday’s
price range of above the gap of RM2.06 is also positive.
Purchases can made if it closes above RM2.10 or
on pullback towards the stop loss level of RM1.90. The price target is RM2.70, with resistance
also expected at RM2.50.
MPHB has to close above RM3.00 to keep climbing
higher. Purchases can be made if this
happens with last Friday’s gap of RM2.90 as a stop loss. The price target is
RM3.50 provided that the 2011 high is broken convincingly. The failure to close
above RM3.00 could see sellers returning, and strong support is located at
RM2.68.
VS Industry may
trade higher after closing the highest in 3 months. The high volume also
suggests firm buying support. Purchases can be made above RM1.62 with a stop
loss on close below last week’s low of RM1.58. Conservative traders may wait
until RM1.70 is broken before entering, with RM1.52 as a stop
loss. The price target is RM2.00, with
resistance expected at RM1.80.
Uchi may trade
higher if it can close above 7-month high of RM1.25. Purchases can be made
if this happens with a stop loss on
close below last week’s low of RM1.20. The price target is RM1.40, with a possible
test of the 2011-high of RM1.50. Strong support lies at RM1.10.
Source: OSK188
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