Top Glove may rebound further after the strong buying last Friday. A purchase can be made above RM5.25, with a close below RM5.20 as a stop-loss. The price target remains at RM5.80, if the recent high of RM5.50 is broken. Failure to break RM5.50 should see the stock trend sideways, with supports seen at RM5.00 and RM4.90.
AirAsia may resume its rally after holding well above RM3.00. A purchase can be made on a close above RM3.10, with a close below RM3.00 as a stop-loss. The price targets remains at RM3.45 and RM3.60. Failure to break above RM3.10 should see the stock go lower, with stong support at RM2.80.
Faber should rebound further after closing above RM1.40 last Friday. A purchase can be made above RM1.40, with a close below RM1.35 as a stop-loss. The price targets are RM1.50 and the gap of RM1.56. However, failure to stay above RM1.40 should see the stock continue sideways, with support anticipated at RM1.27.
Alam may rally further after closing at its highest in more than 5 months. A purchase can be made above RM0.58, with a close below last Friday’s low of RM0.55 as a stop-loss. The price targets are the gap of RM0.64 and the prior low of RM0.70. A close below RM0.55 will nullify the positive bias and send the stock sideways, with support seen at RM0.50.
Hovid may bounce back after closing firmer last week. A purchase can be made if it stays above RM0.22, with a close below RM0.20 as a stop-loss. The price targets are RM0.25 and RM0.26. Failure to stay above RM0.220 will likely see the stock trade sideways and selling will intensify if it closes below RM0.20.
Poh Kong may resume its rally if it closes above RM0.50. A purchase can be made if it happens, with a close below last week’s low of
RM0.49 as a stop-loss. The price target is RM0.60, provided that the ecent high of RM0.55 is violated. Failure to break above RM0.50 should see the stock trade lower, with support at RM0.45.
RM0.49 as a stop-loss. The price target is RM0.60, provided that the ecent high of RM0.55 is violated. Failure to break above RM0.50 should see the stock trade lower, with support at RM0.45.
Premier may rebound after closing firmer last week. A purchase can be made on a close above RM0.38, or otherwise above RM0.40, with a close below RM0.35 as a stop-loss. The price target is RM0.50, with selling also expected at RM0.46. A close below RM0.35 should erase the positive bias and send the stock lower. Supports are expected at RM0.325 and RM0.30.
MRCB may bounce back if it closes above RM1.65. A purchase can be made if it happens, with a close below RM1.60 as a stop-loss. Price targets are the prior highs of RM1.77 and RM1.84. Failure to break higher could see the stock trend lower and selling should intensify on a close below RM1.55.
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