KNM may rebound after forming three white candles in a row. A purchase can be made above RM0.50, with a close below RM0.48 as a stop-loss. The price target is the gap of RM0.57, and if broken, the recent high of RM0.62. A close below RM0.48 should see the stock lower, with supports expected at RM0.45 and RM0.40.
Alam may resume its rebound after closing the highest in seven days. A purchase can be initiated above RM0.685, with a close below RM0.665 as a stop-loss. The price target is RM0.84, with selling expected at RM0.785. Failure to break above RM0.725 will likely see the stock trade sideways, while selling may intensify on a close below RM0.665.
Mah Sing’s month-long sideways consolidation may end in an upside move if it closes above RM2.30. A position can be initiated if it happens, with a close below RM2.20 as a stop-loss. The price target is RM2.75, should the recent high of RM2.45 be broken. Failure to break above RM2.30 should see the stock lower, with supports expected at RM2.10 and RM2.00.
BHIC fails to keep above RM2.50. A trader can liquidate below RM2.50, while support is expected at RM2.30, and if broken, the recent low of RM2.00. A close above October’s high of RM2.55 could see the stock higher and resistance levels are anticipated at RM2.65 and RM2.80.
Texchem may rally after closing the highest in more than a year. A position can be initiated above yesterday’s low of RM0.66, with a close below it as a stop-loss. The price targets are prior highs of RM0.765 and RM0.90. Failure to stay above RM0.66 may see the stock sideways with supports seen at RM0.62 and RM0.57.
MAA’s rebound may resume if it can stay above the psychological RM0.50. A purchase can be made if the stock stays above RM0.52, with a close below RM0.50 as a stop-loss. The price targets are prior highs of RM0.55 and RM0.625. Failure to stay above RM0.50 will likey see the stock lower, with supports expected at RM0.45 and RM0.42.
E&O may decline after failing the test of RM1.70 in the past four months. A trader can liquidate if the stock closes below RM1.60, with support expected at RM1.50 and RM1.30. Failure to break above RM1.60 will likely see the stock trend sideways and upside bias will be restored on a close above RM1.70.
Hovid may resume its rebound after a firmer close yesterday. A purchase can be made above RM0.25, 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 stay above RM0.26 may see the stock lower, with support expected at RM0.22 and RM0.20.
Source: OSK
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