UEM Land’s rebound should continue after closing at its highest in more than nine months. A purchase can be made if it closes above RM2.25, with a close below RM2.20 as a stop-loss. The price target is at a prior high of RM2.90, if the psychological RM2.50 is violated. The stock may trade sideways if it fails to stay above RM2.25. Strong support is at RM2.10.
Inari may rise after printing a new 52-week high. A purchase can be made on close above RM0.45, with a close below RM0.435 as a stop-loss. The price target is at RM0.55, if the psychological RM0.50 is broken convincingly. The stock may decline if it fails to break above RM0.45, with supports anticipated at RM0.40 and RM0.385.
Sime may decline after failing to cross back above the 200-day MAV line. A trader may opt to exit on a close below RM9.50 and supports are anticipated at RM9.20 and RM9.00. Failure to stay below RM9.50 could see buyers returning but expect firm resistance at RM9.80 and RM10.00.
GenM may rebound after getting back above the 200-day MAV line yesterday. Traders may opt to purchase if it stays above RM3.60, with a close below RM3.52 as a stop-loss. The price target is at RM3.95, if the recent high of RM3.80 is broken. The stock may trade sideways if it fails to stay above RM3.60, with support seen at RM3.40 and RM3.30.
Topglov may rebound if it can get back above the 100-day MAV line. A purchase can be made if it closes above RM5.45, with a close below RM5.30 as a stop-loss. The price target is at RM6.20, if the recent high of RM5.75 is violated. Failure to break above RM5.45 could see the stock lower and supports are anticipated at RM5.15 and RM4.95.
Protasco may rebound after geting back above the round figure of RM1.00 yesterday. A purchase can be made if the stock stays above RM1.00, with a close below RM0.975 as a stop-loss. The price targets are at RM1.10 and RM1.20. Failure to stay above RM1.00 should send the stock sideways and strong support is expected at RM0.90.
Acostec may climb higher if it breaks above the six-month resistance level of RM0.65. A position can be initated if it closes above RM0.65, with a close below RM0.63 as a stop-loss. The price target is at RM0.75, if RM0.70 is violated. Failure to break above RM0.65 should see the stock continue sideways and supports are at RM0.60 and RM0.58.
Salcon may decline after high volume trade failed to break the five-month resistance level. Liquidation can be made on close below RM0.465, and supports are anticipated at RM0.43 and RM0.40. The rebound may resume, however, if the stock closes above RM0.48 and resistances are anticipated at prior highs of RM0.55 and RM0.575.
No comments:
Post a Comment