TChong’s rebound rally should continue after the stock printed a new 52-week high. A purchase can be made if it moves above RM5.00, with a close below RM4.90 as a stop-loss. The price target is at RM6.00, with selling expected at RM5.50. The stock may trade sideways if it fails to stay above RM5.00. Strong support is at RM5.50.
MBMR may rise after closing at its highest in more than three months. A purchase can be made on close above RM3.50, with a close below RM3.30 as a stop-loss. The price target is at RM4.05, if a prior high of RM3.80 is broken convincingly. The stock will likely trade sideways if it fails to break above RM3.50, with strong support at RM3.00.
Hektar should climb higher after printing a new all-time high. A purchase can be made if it stays above RM1.50, with a close below RM1.44 as a stop-loss. The price targets are at RM1.57 and RM1.63. Failure to stay above RM1.50 will likely see the stock trend sideways, with strong support found at RM1.38.
Genting’s rebound may continue after staying above the 200-day MAV line for several days now. Traders may opt to purchase if it stays above RM9.60, with a close below RM9.50 as a stop-loss. The price target is at RM10.30, if the recent high of RM9.80 is broken. The stock may trade sideways if it fails to stay above RM9.60, with support seen at RM9.30 and RM9.00.
THHeavy may rise after it engulfed the prior candle yesterday. A purchase can be made if it closes above RM0.54, with a close below the week’s low of RM0.525 as a stop-loss. The price target is at RM0.66, if the recent high of RM0.615 is violated. Failure to break above RM0.54 could see the stock lower and supports are anticipated at RM0.475 and RM0.44.
KNM may rebound after staying above the round figure of RM0.50 for several days now. A purchase can be made if the stock stays above RM0.525, with a close below RM0.50 as a stop-loss. The price targets are at RM0.58 and RM0.62. Failure to stay above RM0.525 could send the stock sideways and supports are expected at RM0.48 and RM0.44.
Mudajya may climb higher if it breaks above the six-month resistance level of RM2.80. A position can be initated if it closes above RM2.80, with a close below RM2.70 as a stop-loss. The price target is the 2012 high of RM3.20, if the psychological RM3.00 is violated. Failure to break above RM2.80 should see the stock continue sideways and supports are at RM2.60 and RM2.50.
JCY may rebound after closing at its highest in over five days. A purchase can be made if it closes above RM0.67, with a close below RM0.65 as a stop-loss. The price target is at RM0.75, if the recent high of RM0.70 is broken. A failure to get above RM0.67 could send the stock moving sideways and supports are expected at RM0.61 and RM0.575.
Source: OSK
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