Thursday 27 December 2012

Trading Stocks - Kumpulan Europlus | DRB-Hicom | PA Resources | SBC Corp | TH Heavy Engineering | Tebrau Teguh | Puncak Niaga | Kumpulan Perangsang Selangor


KEuro  may  climb  further  after  getting  back  above  the  RM1.00 psychological level. A purchase can be made at above RM1.00, with a  close  below  RM0.99  as  a  stop-loss.  The  price  targets  are  at  the prior  highs  of  RM1.20  and  RM1.35.  The  stock  may  decline  if  it  is unable  to  stay  above  RM1.00,  with  supports  at  RM0.90  and RM0.85.
DRB Hicom may rebound after the firm close yesterday. A purchase can  be  made  if  the  stock  stays  above  RM2.50,  with  a  close  below RM2.40  as  a  stop-loss.  The  price  target  is  at  the  psychological RM3.00,  if  the  August  high  of  RM2.75  is  broken.  Failure  to  stay above  RM2.50  could  see  the  stock  trend  lower,  with  supports expected at RM2.30 and RM2.20.
PA  may  rebound  if  it  can  stay  above  the  RM0.125  support  level.  A purchase can be made if it closes above RM0.13, with a close below RM0.125 as a stop-loss. The price target is RM0.20, if the recent high of  RM0.15  is  broken.  Failure  to  stay  above  RM0.125  will  likely  see the stock trend lower, with strong support seen at RM0.10.
SBC  Corp  may  rebound  after  getting  back  above  the  psychological RM1.00. A purchase can  be made if  the  stock stays above RM1.00, with  a  close  below  RM0.975  as  a  stop-loss.  The  price  target  is  at  RM1.30,  if  the  recent  high  of  RM1.15  is  broken.  Failure  to  stay above  RM1.00  could  see  the  stock  lower  while  supports  are  at RM0.90. 
The  downside  risk  for  THHeavy  has  increased  after  the  stock  failed to  break  above  the  RM0.57  resistance  level.  A  trader  may  opt  to liquidate if the price stays below RM0.56, and supports are expected at RM0.50 and RM0.475. A close above RM0.57 could see the stock higher but expect strong resistance at RM0.62.
Tebrau  may  scale  higher  if  it  can  get  back  above  the  RM0.715 resistance  level.  A  purchase  can  be  made  if  that  happens,  with  a close below RM0.70 as a stop-loss. The price target is at RM0.85, if the  July  high  of  RM0.77  is  broken.  Failure  to  stay  above  RM0.70 should see the stock trend lower, with selling likely to intensify if it closes below RM0.65. 
Puncak will likely fall further after closing at its lowest in more than 10  months.  Liquidation  can  be  made  below  RM1.26  and  supports are anticipated at RM1.10 and RM1.00. A close  back above RM1.26 could see a return of buying support but expect strong resistance at RM1.40.

KPS  may  decline  further  after  printing  a  new  52-week  low.  A position can be exited as long as the stock stays below RM0.90, and supports  are  anticipated  at  RM0.80  and  RM0.75.  A  close  back above  RM0.90  may  invite  buying  but  strong  resistance  is  expected at the Sept low of RM0.95.  
Source: OSK

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