TRADING STOCKS: AMRB, ULHB, DEHB, PERM, TILB, SAKP

Alam  should  trade  higher  if  it  can  close  above  the  RM0.725 resistance  level.  A  position  can  be  initiated  if  this  happens,  with  a close  below  RM0.69  as  stop-loss.  The  price  target  is  the  2012  high of  RM0.85,  with  selling  also  anticipated  at  RM0.785.  The stock’s failure  to  break  above  RM0.725  will  likely  see  it  go  lower,  with supports lying at RM0.65 and RM0.60.

UEM Land’s rebound may resume after the stock tested the RM2.15 resistance  yesterday.  A  purchase  can  be  made  if  it  closes  above RM2.15, with a close below RM2.07 as a stop-loss. The price target is  RM2.50,  should  the  recent  high  of  RM2.30  be  broken.  Failure  to get  above  RM2.15  could  see  the  stock  trend  lower,  with  strong support expected at RM1.90.

Dayang  may  climb  higher  after  closing  at  the  highest  level  in  52-week.  A  purchase  can  be  made  if  the  stock  closes  above  RM2.50, with a close below RM2.38 as a stop-loss. The price target is RM2.80, with  selling  also  expected  at  RM2.70.  Failure  to  get  above  RM2.50 will  likely  see  the  stock  go  sideways,  with  strong  supports  seen  at RM2.20 and RM2.00.

Permaju  may  rebound  after  closing  at  the  highest  in  more  than  a month.  A  purchase  can  be  made  if  the  stock  stays  above  RM0.43, with a close below RM0.41 as a stop-loss. The price targets are the prior highs of  RM0.48 and RM0.54. The stock may decline if  it fails to stay above RM0.41, with supports seen at RM0.36 and RM0.32.

Tambun  should  continue  higher  after  printing  a  new  52-week  high. Purchase can be made if it stays above RM0.765, with a close below RM0.75  as  a  stop  loss.  Price  target  is  RM0.915,  with  selling  also expected at RM0.83. failure to stay above RM0.765 will likely see the stock sideways, with supports at RM0.72 and RM0.675.

SKPetro  may  decline  after  forming  the  negative  full-bodied  black candle  yesterday.  A  trader  may  liquidate  if  the  stock  closes  below RM3.00,  with  supports  anticipated  at  RM2.90  and  RM2.75.  On  the other hand, failure to close below RM3.00 could see the stock move higher. Expect resistance at RM3.15 and RM3.30.

Source: OSK