My EG’s rebound may resume if it holds above the 100-day MAV line. A purchase can be made if it closes above RM0.80, with a close below RM0.76 as a stop-loss. The price target is RM0.935, if the recent high of RM0.85 is violated. Failure to stay above RM0.76 could see the stock trade lower, with supports anticipated at RM0.735 and RM0.68.
Zhulian’s rally may resume if the stock holds above the 50-day MAV line. A purchase can be made on close above RM2.80, with a close below RM2.75 as a stop-loss. The price target is RM3.20, if the psychological RM3.00 is violated. Failure to get above RM3.80 could likely see the stock trade sideways, with support anticipated at RM2.70 and a stronger one at RM2.60.
MBSB may resume its rally after closing at its highest in almost 5 months. A position can be initiated if it closes above RM2.40, with a close below RM2.38 as a stop-loss. The price target is RM2.70, if the psychological RM2.50 is broken convincingly. The stock may trade sideways if it closes below RM2.38 and strong support is anticipated at RM2.20.
Censof may rise after staying above the 200-day MAV line. A purchase can be made if the stock closes above RM0.40, with a close below RM0.38 as a stop-loss. The price target is the psychological RM0.50, with selling expected at RM0.45. Failure to break above RM0.40 will likely see the stock trade sideways, with support seen at RM0.36, followed by a stronger one at RM0.335.
UOA Development may fall further if it breaks below the 100-day MAV line. A trader may decide to liquidate if the stock closes below RM1.70, while supports are expected at RM1.60 and RM1.50. However, the stock could make a rebound if it fails to break below RM1.70, with strong resistance expected at RM1.80.
Malaysia Airports may decline after forming two consecutive weak candles. A trader may opt to liquidate if the stock closes below RM5.60, while supports are anticipated at RM5.40 and RM5.20. Buying could return quickly if the stock fails to break below RM5.60, but expect strong resistance at RM5.70 and RM5.80.
Ho Hup may fall further after posting a 5-month low. Traders may opt to liquidate if the the stock stays below RM0.66, while supports are anticipated at RM0.60 and RM0.55. Buying may return if the stock fails to stay below RM0.66 and the resistance levels are RM0.73 and RM0.78.
Sunway could decline if it stays below the RM2.40 resistance level. A liquidation can be made if the stock closes below RM2.37, while supports are anticipated at RM2.25 and RM2.15. Buying could make a comeback if the stock closes above RM2.40. Resistance is seen at RM2.55, with a stronger one at RM2.70.
Source: OSK
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