Takaful may climb higher after closing at its highest in a month. A purchase can be made above RM5.32, with a close below RM5.20 as a stop-loss. The price target is at RM7.00, if the recent high of RM6.60 is broken. The stock may trade sideways if it stays above RM5.32, with further supports expected at RM5.00 and RM4.65.
THHeavy’s rally may resume after the firm close yesterday. A purchase can be made if the stock stays above RM0.50, with a close below RM0.49 as a stop-loss. The price targets are at RM0.55 and the recent high of RM0.60. Failure to stay above RM0.50 likely see the stock lower, with supports expected at RM0.45 and RM0.42.
Scomis’s rally may resume if it closes above two-day high of RM0.36. A purchase can be made if if it happens, with a close below RM0.34 as a stop-loss. The price target prior highs of RM0.40 and RM0.45. A failure to get above RM0.36 should see the stock trending lower, with strong support at RM0.30.
Landmarks may rebound if it can find support above the 200-day MAV line. A purchase can be made on a close above RM1.00, with a close below last week’s low of RM0.98 as a stop-loss. The price target is at the 2012 high of RM1.25, if RM1.10 is broken. A failure to break above RM1.00 will see the stock trade lower, with supports anticipated at RM0.90 and RM0.85.
Buying may have made a return in Padini after yesterday’s “Long White Day”. A purchase can be made above RM1.80, with a close below RM1.70 as a stop-loss. The price target is at the prior high of RM2.20, if RM2.00 is violated. A close below RM1.70 likely see the stock go lower, with strong supports at RM1.55.
PPB may fall further after closing below RM12.00 four-month support. Liquidation can be made as long as it stays below this level and supports are expected at RM11.30 and RM10.70. Buying support could make a return if the stock closes back above RM12.00 but the negative bias is only nullified if the RM14.00 resistance is broken.
KKB may fall if it closes below the seven-month support level of RM1.45. Liquidation can be made if it happens and supports are expected at the prior lows of RM1.35 and RM1.15. A failure to stay below RM1.45 could see buyers taking over and resistance can be seen at RM1.53 and RM1.65.
Tong Herr may decline further after printing another 52-week low.A position can be exited as long as it stays below RM1.80 and supports are anticipated at RM1.65 and RM1.55. A close backabove RM1.80 could see a return of buying support and resistanceis expected at RM1.90 and RM2.00.
Source: OSK
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