Trading Stocks - Dutaland | Bursa | NTPM | Tradewinds | Selangor Properties | RCE Capital | Petra Energy | Multi-Purpose Holdings
Dutaland may climb higher after holding above the RM0.50 support level. A purchase can be made above RM0.52, with a close below RM0.50 as a stop-loss. The price target is RM0.60, if the recent high of RM0.55 is broken. The stock may decline if it is unable to stay above RM0.50, with supports at RM0.48 and RM0.44.
Selling pressure could make a return if Bursa fails to break above the 100-day MAV line. A position can be exited on a close below RM6.25, with supports lying at RM5.90 and RM5.50. However, the stock may rise if it closes above RM6.30 and resistances are expected at the prior highs of RM6.50 and RM6.75.
NTPM may rebound after high volume buying last week. A purchase can be made if it closes above RM0.44, with a close below RM0.43 as a stop-loss. The price targets are the prior high of RM0.47 and the psychological RM0.50. Failure to get above RM0.44 will likely see the stock trend lower, with strong support seen at RM0.40.
TWS may rebound after closing at its highest in almost 2 months. A purchase can be made above RM7.20, or otherwise on a close above RM7.50, with a close below RM7.00 as a stop-loss. The price target is RM9.00, with selling also expected at RM8.15. Failure to break above RM7.50 could see it trade lower, with supports expected at RM6.50 and RM6.30.
SPB’s downside risk increased after the stock closed at its lowest in 5 months. A position can be exited as long as the stock stays below RM3.35, with supports anticipated at RM3.20 and RM3.00. A close back above RM3.35 could lead to a rebound, but expect strong resistance at RM3.50.
RCECap may fall further after the stock printed a fresh 52-week lowA position can be exited as long as the stock stays below RM0.30 with supports anticipated at RM0.24 and RM0.20. A close backabove RM0.30 could lead to a rebound, after which resistances can be seen at RM0.32 and RM0.35.
Petra Energy may decline after breaking below the RM1.67 support level. A position can be liquidated below the level and supports are anticipated at RM1.60 and RM1.50. The stock may rebound if it closes back above RM1.70 but expect strong resistance at RM1.80.
MPHB may fall further after closing below the RM3.50 support level for 2 days in a row. A trader can liquidate if the stock stays below RM3.50, with supports expected at RM3.30, and if that is violated, at RM3.10. A close back above RM3.50 will likely see the stock rebound, with resistance at RM3.60 and RM3.70.