TAS may climb after getting back above the 100-day MAV line. A purchase can be made above RM0.425, with a close below RM0.415 as stop-loss. The price target is RM0.55, if the recent high of RM0.50 is broken. The stock may decline if it is unable to stay aboveRM0.425, with selling likely to intensify below RM0.415.
Selling pressure has increased after Scomi failed to break above the RM0.40 resistance level. A position can be exited below RM0.40, with supports lying at RM0.34 and RM0.30. However, buying should return if the stock closes above RM0.40. This should pave the way for it to scale higher, with resistance at RM0.45 and RM0.50.
Spritzer may rise after closing at its highest in more than 12 months. A purchase can be made if it stays above RM0.90, with a close below RM0.85 as a stop-loss. The price target is the prior high of RM1.16, if RM1.00 is broken. Failure to stay above RM0.90 could see the stock trend sideways, with strong support seen at RM0.80.
WTK may rebound after closing at the highest in more than 3 weeks. A purchase can be made above RM0.95, with a close below RM0.93 as a stop-loss. The price target is RM1.05, if the psychological RM1.00 is broken. A close below RM0.93 should see the stock trade lower, with strong support expected at RM0.90.
GUH’s downside risk increased after the stock printed a fresh 52-week low. A position can be exited as long as the stock stays below RM1.17, with supports anticipated at RM1.07 and RM1.00. A close back above RM1.20 could lead to a rebound, after which resistance is seen at RM1.27 and RM1.35.
WaSeong may fall further if it closes below the RM1.72-support level. A trader can liquidate if this happens, with supports seen at RM1.65 and RM1.58. Buying may return if the stock does not close below RM1.72, following which it could just trade higher. Resistance can be seen at RM1.80 and RM1.90.
Airports may fall after forming multiple black candles below the RM5.40 resistance level. An investor may choose to liquidate below RM5.40, with supports are expected at the prior lows of RM5.00 and RM4.70. The stock will rise, however, if it closes above RM5.40, after which it may encounter resistance at RM5.70 and RM6.00.
MBL may fall if the high trading volume fails to push the stock above above RM1.00. Liquidation can be made if it stays below RM1.00, with supports expected at RM0.92 and RM0.86. Buying may return if the stock closes back above RM1.05, following which it could scale higher. Resistance is seen at RM1.20 and RM1.30.
Source: OSK
No comments:
Post a Comment