Timecom may rally further after holding the early week’s gain. A purchase can be made on a close above RM3.50, with a close below Wednesday’s low of RM3.38 as a stop-loss. The price target is RM4.10, if the 2012’s high of RM3.90 is broken. Failure to break higher could see the stock lower, with supports seen at RM3.30 and RM3.10.
SunREIT may resume its rally after holding well above Wednesday’s gap. A purchase can be made above RM1.52, with a close below RM1.50 as a stop-loss. The price target is RM2.00, provided that the recent high of RM1.60 is violated. Failure to break above RM1.60 should see the stock sideways with support at RM1.40.
GOcean may rise further after closing above RM0.30 yesterday. A purchase can be made above RM0.28, with a close below yesterday’s low of RM0.27 as a stop-loss. The price targets are RM0.35 and the 2012’s intraday high of RM0.38. However, failure to stay above RM0.30 should see the stock continue sideways, with support anticipated at RM0.25.
Takaso may rally further after closing at its highest in over a year. A purchase can be made above RM0.27, with a close below Monday’s low of RM0.24 as a stop-loss. The price targets are RM0.30 and RM0.325. A close below RM0.24 will nullify the positive bias and send the stock sideways, with support seen at RM0.20.
MWE may resume its rally after closing firmer yesterday. A purchase can be made above RM1.65, with a close below RM1.60 as a stop-loss. The price target is RM2.00, if the recent high of RM1.80 is broken. Failure to break above RM1.80 will likely see the stock sideways, while supports are anticipated at RM1.55 and RM1.50.
BAHvest may rally further after posting another 52-week high. A purchase can be made above RM0.65, with a close below Monday’s low of RM0.625 as a stop-loss. The price target is RM1.00, with selling expected at RM0.83. Failure to hold above RM0.65 will nullify the positive bias and strong support is seen at RM0.55.
Hua Yang may resume its rally after closing firmer yesterday. A purchase can be made on a close above RM1.60, with a close below RM1.53 as a stop-loss. The price target is RM2.00, if the recent high of RM1.75 is broken. A close below RM1.53 should erase the positive bias and send the stock lower. Supports are expected at RM1.42 and RM1.35.
Ivory may decline due to the absence of high-volume buys a few days ago. A position can be liquidated on a close below RM0.495, with supports anticipated at RM0.475 and RM0.44. A close above RM0.53 however, may nullify the weak bias. Instead, look for the stock to test the RM0.575 resistance.
Source: OSK
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