SKPetro may rebound after holding to last Thursday’s gain. A purchase can be made above RM2.36, with a close below RM2.30 as a stop-loss. The price target is RM2.70, provided that the recent high of RM2.53 is violated. However, the stock will trade lower if it closes below RM2.30 and supports are at RM2.20 and RM2.00.
Dialog may rebound after a strong close last Friday. A position can be initiated above last Friday’s low of RM2.34, with a close below RM2.30 as a stop-loss. The price target is at the all-time high of RM2.60, with selling expected at RM2.50. A close below RM2.30 should see stock lower with strong support seen at RM2.15.
YTL Power may well rebound after bouncing off the RM1.65 support level. A purchase can be made above RM1.70, with a close below RM1.65 as a stop-loss. The price target is RM2.00, provided that the recent high of RM1.85 is violated. Failure to stay above RM1.65 will likely see the stock lower. Strong support is expected at RM1.50.
YTL may rebound after finding support at RM1.76 again last week. A purchase can be made on a close above RM1.81, with a close below RM1.76 as a stop-loss. Look for a retest of 2012’s high of RM2.15, if RM1.95 is broken. The stock will likely trade lower if it closes below RM1.76, with strong support seen at RM1.65.
Shang may rally further after closing at its one-month high last Friday. A position can be initiated above RM4.30, with a close below the psychological RM4.00 as a stop-loss. The price target is RM5.50, with selling expected at RM5.00. Failure to break above RM4.50 should see the stock sideways above RM4.00.
WingTM may rebound after heavy trading last Friday. A purchase can be made above RM1.66, with a close below RM1.63 as a stop-loss. The price targets are RM1.87 and RM2.00. The stock will likely decline if the support level fails to hold, with strong support at RM2.50.
SKPRes may rebound if the stock closes above RM0.345. A position can be initiated if it happens, with a close below last week’s low of RM0.33 as a stop-loss. The price target is RM0.46, provided that the six-month resistance of RM0.375 is broken. A close below RM0.32 could see the stock lower and supports are seen at RM0.32 and RM0.28.
Destini may rebound after a firmer close last Friday. A purchase can be made above RM0.30, with a close below RM0.265 as a stop-loss. The price target is RM0.50, should the recent high of RM0.435 be violated. The stock will likely trade lower if it closes below RM0.265, with strong support expected at RM0.20.
Source: OSK
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