Tuesday 16 October 2012

Daily Trading Stocks - Capitamalls Malaysia Trust | Manulife | Unisem | Zelan | SEG International | TRC Synergy | Pos Malaysia | Inch Kenneth Kajang Rubber


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.
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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