Gamuda’s rebound may resume after closing at its highest in more than 6 months. A position can be initiated if it stays above RM3.80, with a close below RM3.70 as a stop-loss. The price target is RM4.25, if the psychological RM4.00 is broken. Failure to stay above RM4.00 could see the stock go sideways, with strong support seen at RM3.50.
Bursa may rebound after closing above the 200-day MAV line for 2 days running. A purchase can be made if it stays above RM6.45, with a close below RM6.40 as a stop-loss. The price target is RM7.00, should the recent high of RM6.70 be broken. The stock will likely trade sideways if it fails to stay above RM6.45, and supports are at RM6.30 and RM6.10.
Hai-O should climb higher after posting a new 52-week high. A purchase can be made if it gets above RM2.40, with a close below RM2.30 as a stop-loss. The price target is RM2.85, with selling expected at RM2.70. Failure to get above RM2.40 will likely see the stock trend sideways, with supports seen at RM2.20 and RM2.00.
APM may rebound if it stays above the RM5.00 resistance level. A purchase can be made above RM5.00, with a close below RM4.70 as a stop-loss. The price target is the prior high of RM5.70, with selling expected at RM5.20. The stock may decline if it fails to stay above RM5.00, while stong support is anticipated at RM4.50.
Tomypak should continue to trade higher after scaling above the RM1.25 resistance level for few days now. A purchase can be made if it stays above RM1.25, with a close below RM1.17 as a stop-loss. The price targets are RM1.40 and RM1.50. Failure to stay above RM1.25 will likely see the stock trade sideways, with further support seen at RM1.00.
Yinson should continue climbing higher after staying above RM2.30 for several days now. A position can be initiated on a close above RM2.34, with a close below RM2.30 as a stop-loss. The price target is RM2.80, with selling expected at RM2.60. Failure to break higher will likely see the stock move sideways, with further supports seen at RM2.15 and RM2.00.
Asia media may decline if it closes below the RM0.20 support level. Liquidation can be undertaken if that happens, and supports are anticipated at RM0.16 and RM0.145. However, if it does not break below RM0.20, buying may return. Resistances are seen at RM0.22 and RM0.25.
Suria may rise after closing at its highest in more than three months. A purchase can be made if it stays above RM1.65, with a close below RM1.59 as a stop-loss. The price target is RM2.00, with selling also expected at RM1.85. Failure to break above RM1.65 should see the stock move sideways, with supports seen at RM1.55 and RM1.50.
Source: OSK
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