AmBank may climb higher after closing at its highest in more than a year. A purchase can be made above RM6.50, with a close below RM6.30 as a stop-loss. The price target is at RM7.15, if RM6.70 is broken. The stock may trade sideways if closes back below RM6.50, with further supports expected at RM6.10 and RM6.00.
Parkson may rebound after holding above RM4.50 in the past 2 weeks. A purchase can be made on close above RM4.63, with a close below RM4.50 as a stop-loss. The price targets are at RM4.80 and the psychological RM5.00. Failure to break above RM4.63 is likely to see the stock trend lower, with supports expected at RM4.40 and RM4.30.
GPacket may rise after closing at its highest in more than a week. A purchase can be made above RM0.48, with a close below RM0.46 as a stop-loss. The price targets are RM0.525 and RM0.56. Failure to stay above RM0.48 could see the stock trend lower, with supports at RM0.435 and RM0.40.
IJM Land may rebound after holding above the psychological RM2.00. A purchase can be made on a close above RM2.10, with a close below RM2.00 as a stop-loss. The price target is RM2.40, if RM2.20 is broken. Failure to break above RM2.10 will see the stock trade sideways and selling will intensify on a close below RM2.00.
Homeriz may climb higher after printing a 52-week high. A purchase can be made if it stays above RM0.345, with a close below last week’s low of RM0.335 as a stop-loss. The price target are the prior highs of RM0.385 and RM0.44. The stock may trade sideways if it fails to stay above RM0.345, with further supports expected at RM0.32 and RM0.28.
KBB is likely to continue sideways after failing the test of RM0.52 again. Liquidation can be made below this level and supports are expected at RM0.46 and RM0.40. Buying support could make a return if the stock closes back above RM0.52, following which it could trade higher instead. Resistance is at RM0.60.
Catcha may fall further after closing below the round figure of RM0.40 for 2 days in a row. Liquidation can be made below the level and supports are expected at RM0.36 and RM0.34. Failure to stay below RM0.40 could see buyers taking over and resistance can be seen at RM0.43 and RM0.48.
KEuro may decline further after printing another 52-week low. A position can be exited as long as it stays below RM0.98 and supports are anticipated at RM0.88 and RM0.80. A close back above RM1.00 may lead to a rebound but a negative bias is only nullified by a close above the Nov high of RM1.08.
Source: OSK
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