PChem may climb higher after closing at the highest in more than 4 months. An aggresive trader may purchase on a close above RM6.65, or otherwise above RM6.70, with a close below RM6.40 as a stop-loss. The price targets are the prior highs of RM7.00 and RM7.25. Failure to break above RM6.70 could see the stock continue trading sideways.
YTL may rebound after holding above the 200-day MAV line. A purchase can be made on a close above RM1.77, with a close below RM1.70 as a stop-loss. The price target is the 2012 high of RM2.15, if RM2.00 is violated. Failure to break above RM2.00 may increase the downside risk and selling will intensify on a close below RM1.70.
AMedia may rebound as selling pressure eased the past few days. A purchase can be made on a close above Wednesday’s high of RM0.345, with a close below Wednesday’s low of RM0.315 as a stop-loss. The price targets are RM0.40 and RM0.465. The stock is likely to decline if it fails to get above RM0.40 and selling will intensify if it goes below RM0.315.
GenM may recover after forming 2 “Hammers” recently. A position can be initiated if stays above RM3.65, with a close below
yesterday’s low of RM3.58 as a stop-loss. The price target is RM3.95, if the recent high of RM3.80 is broken. Failure to close higher should see the stock trend lower, following which further supports are anticipated at RM3.50 and RM3.35.
yesterday’s low of RM3.58 as a stop-loss. The price target is RM3.95, if the recent high of RM3.80 is broken. Failure to close higher should see the stock trend lower, following which further supports are anticipated at RM3.50 and RM3.35.
Tomypak may rally further after printing a 2-year high. A purchase can be made if the stock closes above RM1.16, with a close below RM1.10 as a stop-loss. The price target is the 2010 high of RM1.55, with selling also expected at RM1.30. Failure to stay above RM1.16 will likely see the stock trend sideways and strong support is expected at RM1.00.
Pesona may rebound after closing at the highest in 6 days. A purchase can be made if it stays above RM0.30, with a close below RM0.285 as a stop-loss. The price targets are RM0.33 and RM0.35. Failure to break above RM0.30 should see it move sideways and selling will likely intensify on a close below RM0.285.
HLFG should rise futher after printing a 52-week high yesterday. A purchase can be made, if possible, on a pullback toward RM12.50, or above RM13.00. The price target is RM15.50, provided that the 2011 high of RM13.50 is broken. Failure to break above RM13.00 should see it move sideways, with further support at RM12.00.
Dutaland may continue its rebound after the firm close yesterday. A purchase can be made above RM0.545, with a close below RM0.53 as a stop-loss. The price target is RM0.62, if the recent high of RM0.57 is violated. Failure to break RM0.57 should see the stock trade sideways, with further support at RM0.48.
Source: OSK
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