Gamuda may climb if it can hold above the 50-day MAV line. A purchase can be made on a close above RM3.75, with a close below RM3.67 as a stop-loss. The price target is the psychological RM4.00, if the recent high of RM4.90 is broken. Failure to get above RM3.75 could see the stock trade sideways, with supports at RM3.55 and RM3.50.
Takafuls’s downside risk may increase the longer it stays below the RM5.50 resistance level. A position can be liquidated if the stock closes below RM5.30, with supports seen at RM5.15 and RM4.95. However, buying could return quickly if the stock closes above RM5.50, with resistance seen at RM5.80 and the psychological RM6.00 levels.
MBM may decline since the high trading volume failed to push the stock higher. A position can be liquidated on a close below RM3.00, with supports anticipated at the psychological RM3.00, if RM3.20 is violated. However, a convincing violation of RM3.50 could see the stock trade higher, with resistance seen at RM3.65, with a stronger one at RM3.75.
JobStreet may still climb as it has held above the RM2.50 psychological level for few days now. A position can be initiated above RM2.50, with a close below RM2.40 as stop-loss. The price target is the psychological RM3.00, if the RM2.80 resistance is broken, while failure to stay above RM2.50 will likely see the stock trend sideways. Supports lie at RM2.25, with a stronger one at RM2.20.
L&G may rebound if it can hold above the 200-day MAV line. A position can be initiated above RM0.40, with a close below RM0.385 as stop-loss. The price targets are the prior highs of RM0.44 and RM0.465. The stock’s failure to stay above RM0.40 could see it trend lower, with supports expected at RM0.35, and a stronger one at RM0.30.
KPS’ rebound may continue after the stock got back above the 200-day MAV line. A purchase can be made if it closes above the psychological RM1.00, with a close below RM0.96 as stop-loss. The price target is RM1.20, with resistance also anticipated at RM1.10. Failure to stay above RM1.00 will likely see the stock trade sideways, with supports lying at RM0.90 and RM0.87.
Benalec may fall after forming a weak candle below the 200-day MAV line. A position can be liquidated as long as the stock remains below RM1.25, with support anticipated at RM1.05, should the RM1.10 level be broken. A close above RM1.25, however, could trigger a rebound, with strong resistance seen at RM1.37.
MAS’ downside risk has increased after the stock hit a new 52-week low. Traders can lidquidate if the stock stays below RM0.68, with supports expected at RM0.615 and RM0.56. Buying, however, could return quickly if the stock closes above RM0.70, with resistance lying at RM0.75 and RM0.80.
Source: OSK
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