Takaful’s rebound may resume after forming full-bodied white candle above the 200-day MAV line support level. A purchase can be made if it stays above RM5.40, with a close below RM5.30 as a stop-loss. The price target is at RM6.20, if the recent high of RM5.80 is violated. Failure to stay above RM5.40 could see the stock trade lower, with supports anticipated at RM5.15 and RM4.90.
Genting Plantations may rebound after forming a “Hammer” above the RM8.15 support level. A purchase can be made on a close above RM8.30, with a close below RM8.15 as a stop-loss. The price targets are at RM8.85 and RM9.20. Failure to stay above RM8.15 could see the stock go lower, with supports anticipated at RM7.90 and RM7.60.
Dutch Lady may rebound after forming “Hammers” above the RM42.00 support level. Traders may opt to purchase if it closes above RM42.50, with a close below RM42.00 as a stop-loss. The price target is at RM46.50, with resistance expected at RM44.50. Failure to stay above RM42.00 could see the stock move lower, with supports anticipated at RM40.00 and RM36.75.
Coastal may rise after holding well above the psychological RM2.00 on strong volume. A purchase can be made above RM2.00, with a close below RM1.97 as a stop-loss. The price target is at RM2.25, if the recent high of RM2.12 is violated. Failure to stay above RM2.00 will likely see the stock trade sideways, with support at RM1.94 and RM1.88.
Kumpulan Europlus may fall further after closing at its lowest in more than a year. A trader may decide to liquidate as long as it stays below RM0.90, while supports are expected at RM0.75 and RM0.65. However, the stock could make a rebound if it closes above RM0.90 and resistances are expected at RM0.95 and RM1.00.
Pos may decline after it formed a black candle below the RM3.60 resistance level. A trader can liquidate as long as the stock stays below below RM3.60, while supports are anticipated at RM3.40 and RM3.30. Buying could return quickly if the stock closes back above RM3.60, but expect strong resistance at RM3.70.
SKP could rebound after finding support at RM0.32. A purchase can be made if it closes above RM0.34 today, with a close below RM0.32 as a stop-loss. The price target is at RM0.45, if the psychological RM0.40 is violated. Failure to stay above RM0.34 could see the stock trade lower and supports are at RM0.30 and RM0.26.
MBM Resources may rise after closing back above the 200-day MAV line. A purchase can be made on a close above RM3.50, with a close below RM3.30 as a stop-loss. The price target is at RM4.05, if a prior high of RM3.80 is broken convincingly. The stock will likely trade sideways if it closes below RM3.30, with strong support at RM3.00.
Source: OSK
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