Armada may climb further after holding on to the late-October rebound. A purchase can be made at the current level, with a close below RM3.83 as stop-loss. The price target is RM4.15, provided that the psychological RM4.00 is broken. Failure to break RM4.00 should see the stock go sideways, with further supports expected at RM3.70 and RM3.60.
Benalec may resume its rally if it closes above RM1.41. A position can be initiated if this happens, with a close below last week’s low of RM1.37 as stop-loss. The price target is the prior high of RM1.60, provided that recent high of RM1.50 is broken. Failure to break RM1.50 is likely to see the stock trend sideways, and selling will intensify on a close below RM1.37.
CnOuhua may scale higher if it closes above the six-month resistance. A position can be initiated on a close above RM0.14, with a close below the last week’s low of RM0.125 as stop-loss. The price targets are RM0.175 and the prior high of RM0.20. The stock is likely to trade sideways if it fails to close higher, with selling expected to intensify on a close below the one-year low of RM0.10.
DKSH is in the verge of a breakout after staying above RM2.20 for more than a week. A purchase can be made at the current level, or alternatively, on a close above RM2.33, with a close below RM2.20 as stop-loss. The price targets are RM2.90 and RM3.30. Failure to close above RM2.33 should see the stock trend sideways, with strong support at RM2.00.
Coastal may go up if the stock breaks above the six-month resistance level. A purchase can be made if the stock closes above RM2.00, with a close below RM1.95 as stop-loss. The price targets are the gaps of RM2.22 and RM2.30. A close below RM1.95 could see the stock trend lower, with further supports expected at RM1.85 and RM1.75.
Mtronic’s rebound may resume after staying above the 200-day MAV line for a few weeks now. A purchase can be made if the stock closes above RM0.12, with a close below last week’s low of RM0.11 as stop-loss. The price targets are RM0.145 and RM0.18. Failure to close higher should see the stock trend sideways, with strong support seen at RM0.08.
KPJ may go on a decline if it closes below the RM6.00 support level. A position can be liquidated if that happens, while supports are anticipated at the prior lows of RM5.75 and RM5.35. The negative bias will be nullified should the stock close above RM6.20, with a close above RM6.40 signalling a resumption of the long term uptrend.
Tambun may resume its climb after holding at RM0.70 for 2 weeks. A purchase can be made if the stock closes above RM0.715, with RM0.70 as stop-loss. The price target is the all-time intraday high of RM0.825, if the recent high of RM0.745 is broken. Failure to stay above RM0.70 could see the stock go lower, with supports expected at RM0.67 and RM0.63.
Source: OSK
Source: OSK
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