Perisai’s rally may resume after the stock’s firm close yesterday. A position can be initiated if it stays above RM1.10, with a close below RM1.06 as a stop-loss. The price target is RM1.35, with selling also anticipated at RM1.25. The stock’s failure to get above RM1.15 will likely see it drift sideways, with strong support at RM1.00.
GenM’s rebound may begin anew after the stock closed at its highest in more than 2 months yesterday. A purchase can be made if it stays above RM3.60, with a close below RM3.52 as a stop-loss. The price target is RM3.95, should the recent high of RM3.80 be broken. Failure to stay above RM3.60 could see the stock trend lower, with strong support expected at RM3.35.
Kimlun may climb higher if it can break the RM1.45 resistance level. A purchase can be made if the stock closes above RM1.45, with a close below RM1.37 as a stop-loss. The price target is RM1.70, with selling also expected at RM1.55. Failure to break above RM1.45 will likely see the stock trend sideways, with strong support seen at RM1.30.
CnOuhua may rebound after holding above the RM0.10 support level for a few weeks now. A purchase can be made if the stock closes above RM0.12, with a close below RM0.11 as a stop-loss. The price target is a prior low of RM0.17, if the recent high of RM0.14 is broken. The stock may decline if it fails to get above RM0.12, with selling expected to intensify if it closes below RM0.10.
TChong should continue to trade higher after closing at its highest in more than 52 weeks yesterday. A purchase can be made if the stock stays above RM4.70, with a close below RM4.50 as stop-loss. The price target is RM5.35, with selling expected at RM5.00. Failure to stay above RM4.70 will likely see the stock trade sideways, with further support seen at RM4.35.
Asas may rebound if it can breach the RM1.50-psychological level. A position can be initiated if this happens, with a close below RM1.40 as a stop-loss. The price target is RM1.80, with selling also anticipated at RM1.68. Failure to break above RM1.50 could see the stock trend lower, while further support is expected at RM1.30.
DKSH should continue to rise after closing at its highest in more than 10 years. A purchase can be made if it stays above RM2.30, with a close below RM2.15 as a stop-loss. The price target is RM3.00, with selling also expected at RM2.70. Failure to stay above RM2.30 will likely see the stock drift sideways, with further support at RM2.00.
WCT may decline after closing at its lowest in more than 3 months yesterday. A trader may liquidate if the stock closes below RM2.30, with supports anticipated at RM2.15 and RM2.00. On the other hand, failure to close below RM2.30 could see the stock move higher. Expect strong resistance at RM2.45.
Source: OSK
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