LBS’s rally may resume after holding above the 200-day MAV line last week. A position can be initiated if it stays above RM0.85, with a close below RM0.835 as a stop-loss. The price target is at RM0.975, if the recent high of RM0.92 is broken. Failure to stay above RM0.85 could see it lower, with strong support at RM0.80.
Borneo Oil may fall after high volume trade failed to see the stock higher. Liquidation can be made if the stock closes below RM0.42, with supports expected at RM0.40, and if that is violated, at RM0.365. Failure to break below RM0.40 could see the stock rebounding and resistance is at RM0.44 and RM0.47.
WTK may climb higher if it can break the RM1.00 resistance level. A purchase can be made if the stock closes above RM1.00, with a close below RM0.98 as a stop-loss. The price target is RM1.10, with selling also expected at RM1.05. Failure to break above RM1.00 will likely see the stock trend lower, with supports seen at RM0.95 and RM0.90.
PasukGB may rebound after holding above the RM0.30 support level for a few days now. A purchase can be made if the stock closes above RM0.31, with a close below RM0.30 as a stop-loss. The price target is a prior low of RM0.50, with selling also expected at RM0.40. The stock may decline if it fails to move above RM0.31, with supports at RM0.26 and RM0.24.
Scientx should continue to trade higher after printing a new all-time high. A purchase can be made if the stock stays above RM3.25, with a close below RM3.17 as a stop-loss. The price target is RM4.00, with selling expected at RM3.65. Failure to stay above RM3.25 will likely see the stock trade sideways, with further support seen at RM3.00.
Mieco may decline after failing to break the RM0.45-resistance level. A trader may liquidate if the stock closes below RM0.44, with supports anticipated at RM0.365 and RM0.40. On the other hand, a close above RM0.45 could see the stock move higher. Expect resistance at RM0.48 and RM0.50.
Selling pressure may have returned after Kulim formed weak candles below the RM5.00 resistance level. A position can be exited on a close below RM4.90, with supports seen at RM4.60 and RM4.25. Failure to close lower will likely see a return in buying support. Resistance levels remain at RM5.10 and RM5.40.
MSC may rise after closing at its highest in more than four months. A purchase can be made if it stays above RM3.25, with a close below RM3.20 as a stop-loss. The price target is at the prior low of RM3.65, with selling also expected at RM3.50. Failure to stay above RM3.25 likely see the stock move sideways, with supports at RM3.10 and RM3.
Source: OSK
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