IHH may rally after closing at the RM3.20 resistance level. A purchase can be made if it stays above RM3.20, with a close below RM3.16 as a stop-loss. The price target is RM3.50, with selling expected at RM3.35. Failure to stay above RM3.20 could see the stock continue sideways with further support at RM3.05.
HaiO may rebound after closing the highest in more than eight months. A purchase can be made if it stays above RM2.20, with a close below yesterday’s low of RM2.17 as a stop-loss. The price target is RM2.52, if the 2012’s high of RM2.42 is violated. Failure to stay above RM2.20 will likely see the stock sideways, with further support seen at RM2.00.
Jaks may decline again after failing the test of RM0.40 resistance. A position can be liquidated as long as the stock stays below RM0.39, with supports anticipated at RM0.37 and RM0.33. The negative bias will be nullified should the stock close above RM0.40. Look for it to rebound and resistance levels are expected at RM0.435 and RM0.46.
MMC Corp may fall after a lower close following the “Bearish Engulfing” of last Friday. A trader can liquidate if the stock stays below last week’s low of RM2.68, with supports seen at RM2.56 and RM2.46. The weak bias will be reversed should the stock close above the three-week high of RM2.72. Resistance is at RM2.85 and RM3.00.
Tadmax may rally further after staying above RM0.30 for two days. A purchase can be made if the stock closes above RM0.31, with a close below RM0.30 as a stop-loss. The price targets are RM0.375 and RM0.42. Failure to stay above RM0.30 will likely see the stock lower and strong support is expected at RM0.25.
Tebrau may decline again after failing the test of RM0.68 resistance. A position can be liquidated if the stock closes below RM0.65, while supports are anticipated at RM0.63 and RM0.60. The negative bias will be nullified should the stock close above RM0.68. Look for it to rebound and resistance is anticipated at RM0.725 and RM0.75.
GPacket should rise futher after if the stock closes above RM0.60. A purchase can be made if it happens, with a close below yesterday’s low of RM0.575 as a stop-loss. The price targets are prior highs of RM0.68 and RM0.745. Failure to stay above RM0.575 could see the stock sideways, with further supports seen at RM0.53 and RM0.50.
Unimec’s rally may continue after posting a new 52-week high yesterday. A purchase can be made above RM1.06, with a close below RM1.03 as a stop-loss. The price target is RM1.20, with selling expected at RM1.15. Failure to stay above RM1.06 should see the stock trade sideways, with further support at RM1.00.
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