Axiata should continue its rally if the stock stays above RM6.50. A purchase can be made above RM6.50, with a close below RM6.40 as a stop-loss. The price target is RM7.00, provided that the recent high of RM6.75 is violated. Failure to break above RM6.75 could see it trade sideways, with further support at RM6.25.
Harta may rally further after closing back above the RM4.65 resistance level. A purchase can be made if it stays above RM4.65, with a close below RM4.56 as a stop-loss. The price target is RM5.40, with selling also expected at RM4.95. Failure to stay above RM4.65 should see the stock go sideways. Strong support can be seen at RM4.20.
Perwaja may rebound after the high volume buying yesterday. A purchase can be made on a close above RM0.535, with a close below Monday’s low of RM0.52 as a stop-loss. The price targets are RM0.585 and the gap of RM0.63. The stock is likely to decline if it fails to get above RM0.585 and selling will intensify if it goes below RM0.52.
JCY may recover after closing at the highest in 4 days yesterday. A position can be initiated if it stays above RM0.70, with a close below RM0.66 as a stop-loss. The price targets are RM0.83 and the Aug low of RM0.89. Failure to stay above RM0.70 should see the stock trend lower, following which a further support is anticipated at RM0.60.
Maybank may rally further after closing above RM9.20. A purchase can be made if the stock stays above RM9.20, with a close below RM9.00 as a stop-loss. The price target is RM10.00, if the recent high of RM9.50 is broken. Failure to stay above RM9.20 will likely see the stock trade lower and further support is expected at RM8.80.
YTLe may rise if it can break above the 4-month resistance of RM0.78. A purchase can be made if it happens, with a close below RM0.75 as a stop-loss. The price target is RM0.855, with selling also expected at RM0.80. Failure break above RM0.80 should see it move sideways and selling will likely intensify on a close below RM0.70.
Padini may resume its rally after a firm close yesterday. A purchase can be made if it closes above yesterday’s high of RM1.91, with a close below RM1.82 as a stop-loss. The price target is RM2.20, provided that the psychological RM2.00 is broken. Failure to break above RM2.00 should send it lower. Support is seen at RM1.65.
CenBond may continue its rally after the firm close yesterday. A purchase can be made above RM1.02, with a close below RM1.00 as a stop-loss. The price target is RM1.30, if the recent high of RM1.15 is violated. Failure to break RM1.15 should see the stock trade sideways, with further support at RM0.95.
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