E&O may decline after closing the lowest in more than five months. A trader can liquidate if the stock closes below RM1.55 and supports are expected at RM1.40 and RM1.30. A close above RM1.60, on the other hand, will see the stock go higher. Strong resistance is seen at RM1.70.
IGB may decline further after failing to break above the RM2.45 resistance level. A position can be liquidated as long as the stock stays below RM2.40, with supports anticipated at RM2.20 and RM2.40. However, the rally may resume if the stock closes above RM2.45 and resistance is expected at RM2.65.
Hua Yang may decline after failing to break above the RM1.70 resistance level. A trader may opt to exit as long as the stock stays below RM1.65, with supports anticipated at RM1.50 and RM1.35. A close above RM1.70 could see a return in buying but expect firm resistance levels at RM1.75 and RM2.00.
Maybank could decline after closing below the 200-day MAV line yesterday. Traders may opt to sell the stock if it stays below RM8.90, with supports seen at RM8.75 and RM8.45. A close above RM8.90 could trigger buying but strong resistance lies at RM9.20.
KNM’s downtrend may resume after failing to stay above the 100-day MAV line. A trader can liquidate as long as the stock stays below RM0.50, with supports expected at RM0.45 and RM0.42. The stock may rebound, however, if it closes above RM0.535 and resistance levels are anticipated at RM0.58 and RM0.62.
Boustead may decline if it breaks below the RM4.90 support level. A trader can liquidate if the stock closes below RM4.90, with supports anticipated at RM4.70 and RM4.40. Buyers could make a quick return if the stock fails to stay below RM4.90, but expect strong resistance at RM5.20.
Century Software downtrend may resume after it failed to break above the RM0.40 resistance level. A trader can liquidate as long as the stock stays below RM0.40, with supports anticipated at RM0.30 and RM0.275. A close above RM0.40, however, should see the stock trend higher and strong resistance can be seen at RM0.45.
MRCB may decline after closing at its lowest in more than two years. A liquidation can be made as long as the stock stays below RM1.50, while supports are anticipated at RM1.40 and RM1.30. A rebound may ensue, however, if the stock gets above RM1.50, with strong resistance lying at RM1.65.
Source: OSK
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