CMMT should continue its rally if the stock closes above the RM1.80 resistance level. A purchase can be made if it happens, with a close below RM1.70 as a stop-loss. The price target is RM2.00, with selling expected at RM1.90. Failure to break above RM1.80 should see the stock trend sideways, with further support at RM1.65.
Manulife should resume its rally if the stock closes above the five-year high of RM3.60. A purchase can be made if it happens, with a close below RM3.50 as a stop-loss. The price targets are RM4.00 and RM4.40. Failure to break above RM3.60 should see the stock sideways, with supports at RM3.40 and RM3.20.
Unisem’s downside risk increases the longer it stays below RM1.00. A trader can liquidate below RM0.99, with supports anticipated at the prior lows of RM0.915 and RM0.865. However, the downside bias may be nullified by a close above RM1.05. This should trigger a rebound, with resistance levels seen at RM1.14 and RM1.24.
Zelan may decline after closing at its lowest in more than 10 months. A trader can exit below RM0.35 and supports are
anticipated at RM0.31 and RM0.28. A close above RM0.40 however, will likely reverse the weak bias. This could lead to a rebound and resistance levels are expected at RM0.45 and RM0.50.
anticipated at RM0.31 and RM0.28. A close above RM0.40 however, will likely reverse the weak bias. This could lead to a rebound and resistance levels are expected at RM0.45 and RM0.50.
SEG may rally futher it it can break above RM2.15. A purchase can be made if the stock stays above RM2.15, with a close below RM1.90 as a stop-loss. The price targets are RM2.35 and RM2.50. Failure to stay above RM2.15 will likely see the stock trade sideways, while support is expected at RM2.00.
TRC may decline further after closing the lowest in almost a year. A liquidation can be made on a close below RM0.585, and support are expected at RM0.54 and RM0.50. A close above the gap of RM0.62 however, indicates a return of buying. Look for the stock to test the stong resistance of RM0.685.
Pos may resume its rally after a heavy trade yesterday. A purchase can be made on a close above RM3.15, with a close below RM3.05 as a stop-loss. The price target is 2011’s high of RM3.60, provided that the recent high of RM3.30 is broken. A close below RM3.05 should send the stock lower and support is seen at RM2.90.
InchKen may climb further if the stock closes above RM0.70. A purchase can be made if it happens, with a close below RM0.675 as a stop-loss. The price targets are the prior highs of RM0.73 and RM0.80. Failure to break higher could see the stock sideways, with supports expected at RM0.63 and RM0.60.
Source: OSK
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