Allianz may resume its rally after closing at the highest in more than four weeks. A purchase can be made on a above RM6.35, with a close below RM6.20 as a stop-loss. The price target is RM7.60, if the recent high of RM6.80 is broken. Failure to break above RM6.80 could see the stock continue trading sideways with further support at RM6.00.
ScomiMr may rebound after the firm close last week. A purchase can be made on a close above RM0.45, with a close below RM0.435 as a stop-loss. The price target is the psychological RM0.50 and RM0.55. Failure to break above RM0.45 likely see the stock sideways and further support is at RM0.40.
IngenCo may rebound if it stays above the two-week high of RM0.09. A purchase can be made on a close above the level, with a close below RM0.085 as a stop-loss. The price targets are RM0.11 and RM0.125. The stock is likely to decline if it fails to get above RM0.09, with selling likely to intensify if it drops below RM0.085.
MyEG may recover after forming a “Bullish Engulfing” candle. A position can be initiated if stays above RM0.755, with a close below RM0.735 as a stop-loss. The price target is the recent high of RM0.865, with selling expected at RM0.79. Failure to close higher could see the stock trend lower, while further supports are anticipated at RM0.70 and RM0.655.
3A may rally further after staying above the 200-day MAV line for a few days. A purchase can be made if the stock stays above RM1.20, with a close below RM1.16 as a stop-loss. The price targets are prior highs of RM1.35 and RM1.45. Failure to stay above RM1.20 will likely see a correction and strong support is expected at RM1.10.
Boilerm may climb further after closing above the RM0.90 resistance. A purchase can be made if it stays above the level, with a close below last week’s low of RM0.89 as a stop-loss. The price targets are RM1.00 and RM1.10. Failure to stay above RM0.90 should see the stock move sideways and supports are seen at RM0.85 and RM0.82.
Eastlnd should rise futher after posting a new 2012’s high. A purchase can be made above RM0.35, with a close below last week’s low of RM0.345 as a stop-loss. The price targets are RM0.39 and RM0.42. Failure to stay above RM0.35 should see the stock move sideways, with further support at RM0.30.
Minho’s rally may continue after a firm close last Friday. A purchase can be made above RM0.58, or otherwise above RM0.60, with a close below RM0.56 as a stop-loss. The price target is RM0.75, with selling expected at RM0.655. Failure to break above RM0.60 should see the stock trade sideways, with further support at RM0.50.
Source: OSK
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