DRB may climb after getting back above the 200-day MAV line. A purchase can be made if it stays above RM2.50, with a close below RM2.40 as stop-loss. The price target is the prior high of RM2.80, with resistance also expected at RM2.65. Failure to stay above RM2.50 could see the stock trade sideways, with strong support seen at RM2.30.
Bursa’s rebound may resume if it has stayed above the 200-day MAV line for few weeks now. A position can be initiated on a close above RM6.65, with a close below RM6.55 as stop-loss. The price target is RM7.50, with resistance expected at the psycholgocial RM7.00. Failure to get above RM6.65 could see the stock trend lower, with supports anticipated at RM6.40 and RM6.15.
KKB may rebound after surpassing the 200-day MAV line for few days now. A position can be initiated if the stock stays above RM1.50, with a close below last week’s low of RM1.43 as stop-loss. The price target is RM1.70, with resistance also expected at RM1.60. Failure to stay above RM1.50 could see the stock move lower. Supports are expected at RM1.40 and RM1.33.
Dijaya’s rebound may resume after closing at the highest in more than 10 months. A purchase can be made if it stays above RM1.35, with a close below RM1.29 as stop-loss. The price targets are the prior highs of of RM1.45 and RM1.55. The stock may decline if it fails to stay above RM1.35, while supports are anticipated at RM1.20 and RM1.15.
DiGi stock may rebound if it holds above the RM4.50 support level. A position can be initiated if it closes above RM4.60, with a close below RM4.50 as stop-loss. The price target is RM5.20, if the psychological RM5.00 is broken.The stock may trend lower if the stop-loss is triggered, with strong support expected at RM4.30.
MWE may climb after holding above the 200-day MAV line. A purchase can be made if the stock stays above RM1.80, with a close below RM1.65 as stop-loss. The price target is RM2.00, with resistance also expected at RM1.90. Failure to get above RM1.80 will likely see the stock trade sideways and strong support should come in at RM1.55.
Pestech should continue to scale higher after closing at an all-time high yesterday. A purchase can be made as long as the stock stays above RM1.10, with a close below RM1.07 as stop-loss. The price target is RM1.30, with resitance also expected at RM1.23. Failure to get above RM1.10 could see the stock move sideways, with supports seen at RM1.00 and RM0.95.
Redtone may resume its rally after closing at the highest in more than 5 days. A position can be initiated if the stock stays above RM0.38, with a close below RM0.37 as stop loss. The price target is the psycholgociqal RM0.50, if the recent high of RM0.45 is violated. The downside risk will increase if the stop-loss is triggered, with supports lying at RM0.34 and RM0.31.
Source: OSK
No comments:
Post a Comment