Digi may decline if the stock break below the three-month support of RM4.80. A position can be liquidated if it happens and supports are expected at RM4.50 and RM4.30. However, failure to break below RM4.80 suggests firm buying support and this could lead to a rebound. Expect resistance at RM5.30 and the recent high of RM5.50.
Pos may rebound if it closes above the one-week high of RM3.00. A purchase can be initiated if it happens, with a close below RM2.95 as a stop-loss. The price target is RM3.65, if Aug’s high of RM3.30 is broken. Failure to break above RM3.00 will likely see the stock trade lower, with supports seen at RM2.85 and RM2.75.
IncKen may correct after forming a weak candle yesterday. A trader can liquidate if the stock stays below RM0.815, with supports expected at RM0.765 and RM0.725. A close above RM0.83, however, will nullify the weak bias and keep rally going. Strong resistance is seen at RM0.875.
MFlour may fall if it closes below September’s low of RM1.36. A trader can liquidate on a close below RM1.35 and support is expected at RM1.26, or otherwise RM1.16. Failure to close below RM1.35 could see the stock rebound and resistance levels are anticipated at RM1.40 and RM1.50.
WTK may decline further after closing below the psychological RM1.00. A position can be liquidated below RM1.00, with support expected at the prior low of RM0.90, and failing that, at RM0.85. The stock may rebound if it gets above RM1.00, but the weak bias is only cancelled if the stock closes above October’s high of RM1.10.
THHeavy’s rally may resume if it can stay above the psychological RM0.50. A purchase can be made if the stock stays above RM0.51, with a close below RM0.49 as a stop-loss. The price targets are RM0.55 and the recent high of RM0.60. Failure to stay above RM0.50 likey see the stock lower, with supports expected at RM0.45 and RM0.42.
UchiTec may decline after failing the test of RM1.20. A position can be liquidated as long as the stock stays below RM1.20, or otherwise below RM1.12, with support expected at RM1.08. A violation of this level may see the support level falling to RM1.00. Failure to break above RM1.12 will likely see the stock trend sideways, with strong resistance at RM1.30.
LionCor may resume its rebound after holding on to last Friday’s gain. A purchase can be made if the stock closes above RM0.26, with a close below last week’s low of RM0.24 as a stop-loss. The price targets are prior highs of RM0.30 and RM0.35. Failure to break above RM0.26 may see the stock lower, with strong support expected at RM0.20.
Source: OSK
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