Maxis may climb higher after getiing back above the 100-day MAV line yesterday. A purchase can be made on a close above RM6.50, with a close below yesterday’s low of RM6.40 as a stop-loss. The price targets are RM6.70 and the psychological RM7.00. The stock may decline if it closes back below RM6.40, with further supports expected at RM6.30 and RM6.00.
TimeCom should climb higher after closing at its highest in more than a year. A purchase can be made above RM3.80, or otherwise on close above RM4.00, with a close below RM3.70 as a stop-loss. The price targets are RM4.50 and the prior high of RM4.70. Failure to stay above RM3.70 may see the stock go sideways, with supports at RM3.60 and RM3.50.
YTL Corp may rise after closing at its highest in almost 3 months. A purchase can be made above RM1.80, with a close below RM1.75 as a stop-loss. The price targets are the prior highs of RM1.93 and RM2.12. Failure to stay above RM1.80 could see the stock trend lower, with strong support at RM1.70.
WCT should climb higher after printing a new 52-week high. A purchase can be made if it stays above RM2.42, with a close below last week’s low of RM2.34 as a stop-loss. The price targets are the prior highs of RM2.74 and RM3.10. Failure to stay above RM2.42 will see the stock trade sideways and the downside risk will increase on close below RM234.
Evergrn may climb higher after the strong close yesterday. A purchase can be made above RM0.565, with a close below RM0.55 as a stop-loss. The price targets are RM0.64 and the recent high of RM0.685. The stock may trade lower if it fails to stay above RM0.565, with strong support expected at RM0.50.
Redtone may scale higher if it stays above the psychological RM0.40. A position can be initiated at above RM0.41, with a close below last week’s low of RM0.38 as a stop-loss. The price targets are RM0.455 and RM0.49. The stock is likely to trade sideways if it fails to stay above RM0.40, with strong support expected at RM0.365.
Source: OSK
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