MISC may rebound after closing at its one-month high. A purchase can be made above RM4.30, with a close below last week’s low of RM4.24 as a stop-loss. The price target is at the psychological RM5.00, with selling also at RM4.75. A failure to stay above RM4.30 should see the stock lower, while strong support is at RM3.90.
UEMLand’s rebound should continue after closing at its highest in a month. A position can be initiated above RM1.80, with a close below RM1.75 as a stop-loss. The price targets are the prior lows of RM1.90 and RM2.05. A failure to stay above RM1.80 will likely see the stock moving sideways, with strong support expected at RM1.65.
BIMB may resume its rally after the firm close yesterday. A purchase can be made above RM3.07, with a close below RM3.00 as a stop-loss. The price target is RM3.90, provided that the recent high of RM3.30 is broken. Failure to break above RM3.30 could see the stock lower, with support anticipated at RM2.70.
Ajiya may rally further after closing at its highest in over a year. A purchase can be made above RM1.80, with a close below RM1.78 as a stop-loss. The price targets are the prior highs of RM2.00 and RM2.15. A close below RM1.78 will nullify the positive bias and send the stock lower. Supports are seen at RM1.65 and RM1.55.
Sealink may rebound after managing to hold on to recent gains. A purchase can be made on a close above RM0.375, with a close below the recent low of RM0.35 as a stop-loss. The price targets are the prior highs of RM0.40 and RM0.465. A close below RM0.35 should see the stock lower with support seen at RM0.32 and RM0.30.
AncomLB may rally further after closing at its highest in over five months. A purchase can be made at the current level or better on a close above RM0.16, with a close below RM0.15 as a stop-loss. The price targets are the prior highs of RM0.18 and RM0.20. A close below RM0.15 will nullify the positive bias and support is at RM0.14.
Sime may decline if it fails to gain back last week’s fall. A position can be liquidated on a close below RM9.60 and supports are anticipated at the prior lows of RM9.20 and RM8.80. A close above RM9.73 however, may nullify the weak bias. Look for it to test the strong resistance of RM10.00, instead.
TAS may rally further after the firm close yesterday. A purchase can be made on a close above RM0.435, with a close below RM0.415 as a stop-loss. The price targets are the prior highs of RM0.48 and RM0.52. A close below RM0.415 will nullify the positive bias and send the stock lower. Supports are seen at RM0.40 and RM0.38.
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