GasMsia may rebound after forming a “Bullish Engulfing” candle yesterday. A purchase can be made above RM2.60, or otherwise above RM2.66, with a close below recent low of RM2.56 as a stop-loss. The price target is at RM2.90, provided that recent RM2.75 is broken. A failure to stay above RM2.60 should see the stock lower, while strong support is at RM2.40.
CBSA may rebound if it closes above the three-month resistance of RM0.37. A position can be initiated if it happens, with a close below yesterday’s low of RM0.355 as a stop-loss. Price targets are at RM0.40 and RM0.43. A failure break above RM0.37 will likely see the stock moving sideways, and selling may intensify below RM0.345.
SKPRes may resume its rally after the firm close yesterday. A purchase can be made on close above RM0.375, with a close below its three-day low of RM0.36 as a stop-loss. The price target is at RM0.49, with selling also expected at RM0.455. Failure to break above RM0.40 could see it continue sideways, with support anticipated at RM0.33.
ECS may rally further after closing at its highest in over a year. A purchase can be made above RM1.65, with a close below RM1.60 as a stop-loss. The price targets are at RM1.82 and RM1.94. A close below RM1.60 will nullify the positive bias and send the stock lower. Supports are seen at RM1.50 and RM1.45.
Redtone may climb further after managing to hold on to recent gains. A purchase can be made on a close above RM0.38, with a close below RM0.365 as a stop-loss. The price targets are at the prior highs of RM0.42 and RM0.455. A close below RM0.365 should see the stock lower with support seen at RM0.34 and RM0.32.
IRCB may rebound after closing above the 200-day MAV line yesterday. A purchase can be made on a close above RM0.15, with a close below RM0.135 as a stop-loss. The price targets are at the prior highs of RM0.18 and RM0.20. A close below RM0.135 will nullify the positive bias and support is at RM0.12.
Maybank may decline after closing below RM9.00 for two days running. A position can be liquidated on a close below RM8.90 and supports are anticipated at the prior lows of RM8.75 and RM8.45. A close above RM9.20 however, may nullify the weak bias. Look for it to test the recent high of RM9.50, instead.
Wieda may rally further after the firm close yesterday. A purchase can be made above RM1.50, or otherwise on close above RM1.60, with a close below yesterday’s low of RM1.46 as a stop-loss. The price target is at RM1.90. A failure to break above RM1.60 may likely extend the sideways move and supports are seen at RM1.40 and RM1.30.
Source: OSK
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