WCT may reverse earlier weakness after getting back above the 100-day MAV line on high volume. A position can be initiated if closes above RM2.45, with a close below RM2.30 as a stop-loss. The price target is at RM3.00, with selling also expected at RM2.75. Failure to get above RM2.45 could see the stock go sideways, and downside pressure will increase on close below RM2.30.
Kian Joo may rise after staying above the 100-day MAV line for a few days now. A purchase can be made if it closes above RM2.40, with a close below RM2.30 as a stop-loss. The price target is RM2.75, with selling also expected at RM2.65. The stock will likely trade sideways if it fails to stay above RM2.40, and further support is at RM2.25.
FLBhd should climb higher after posting a new 52-week high. A purchase can be made if it stays above RM0.72, with a close below RM0.70 as a stop-loss. The price target is at RM0.915, if the recent high of RM0.80 is broken. A close back below RM0.70 will likely see the stock trend sideways, with supports seen at RM0.65 and RM0.60.
PMetal’s rebound should continue if it stays above the RM2.00 psychological level. A purchase can be made above RM2.00, with a close below RM1.90 as a stop-loss. The price targets are the prior highs of RM2.20 and RM2.40. The stock may trade sideways if it fails to stay above RM2.00, with further support at RM1.80.
I-Bhd should continue to trade higher if it breaks above the RM1.40 resistance level. A purchase can be made if it happens, with a close below RM1.30 as a stop-loss. The price targets are at RM1.55 and RM1.65. Failure to get above RM1.55 will likely see the stock trade sideways, with further support at RM1.15.
Dijaya’s downtrend may continue if it breaks below the psychological RM1.00. A trader may opt to liquidate if the stock closes below it and supports are anticipated at RM0.875 and RM0.80. Failure to get below RM1.00 could see a return in buying and strong resistance is at RM1.10.
MyEG’s rebound may resume after getting back above RM0.80 yesterday. A purchase can be made if it stays above RM0.80, with a close below RM0.78 as a stop-loss. The price target is at RM0.975, if the recent high of RM0.865 is broken. Failure to stay above RM0.80 will likely see the stock lower and supports are at RM0.735 and RM0.68.
KSL may rise after closing at its highest in more than six months. A purchase can be made if it stays above RM1.50, with a close below RM1.45 as a stop-loss. The price target is RM1.70, if the 2011 high of RM1.60 is broken. Failure to stay above RM1.50 should see the stock move sideways, with strong support seen at RM1.40.
Source: OSK
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