SKPetro should continue its rally if the stock closes above RM2.45. A purchase can be made if it happens, with a close below RM2.40 as a stop-loss. The price target is RM2.77, provided that the recent high of RM2.53 is violated. Failure to break above RM2.45 could lead to a downside bias, with strong support at RM2.30.
Sunway may rebound after closing the highest in more than four months. A purchase can be made if it stays above RM2.31, with a close below RM2.25 as a stop-loss. The price target is RM2.58, should June’s high of RM2.45 be broken. Failure to stay above RM2.31 should see the stock sideways, and selling may intensify on a close below RM2.20.
Malton may rebound after closing at its four-day high. A purchase can be made on a close above RM0.535, with a close below Monday’s low of RM0.52 as a stop-loss. The price target is August’s high of RM0.60, provided that recent high of RM0.55 is broken. The stock likely decline if the stop-loss is triggered and strong support is seen at RM0.48.
SYF’s rebound may resume if the stock closes above RM0.73. A position can be initiated if it happens, with a close below RM0.70 as a stop-loss. The price target remains at 2012’s intraday high of RM0.93, provided that the recent high of RM0.825 is broken. A close below RM0.70 should see the stock lower, while a close below RM0.65 may bring an end to the two-month rally.
Apollo may rally further after closing above RM3.31. A purchase can be made if the stock stays above RM3.31, with a close below RM3.24 as a stop-loss. The price target is RM3.60, if the all-time high of RM2.45 is broken. Failure to stay above RM3.31 will likely see the stock trade sideways and support is expected at RM3.15.
Wah Seong may decline further the longer it stays at these low levels. A trader can liquidate on a close below RM1.73, with supports expected at RM1.67 and RM1.60. A close above the gap of RM1.79 however, indicates a return of buying. Look for the stock to test the strong resistance of RM2.00.
PresBhd may resume its rally after a firm close yesterday. A purchase can be made if it stays above RM1.18, with a close below RM1.10 as a stop-loss. The price target is RM1.50, provided that the recent high of RM1.35 is broken. A close below RM1.10 should send the stock lower and support is seen at RM1.00.
QCapita may climb further after closing above the RM1.22 resistance. A purchase can be made above the level, with a close below RM1.19 as a stop-loss. The price target is RM1.36, with selling expected at RM1.30. Failure to stay above RM1.22 should see the stock sideways, with strong support at RM1.12.
Source: OSK
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