TM may rebound after finding support at RM6.00. A purchase can be made if it closes above RM6.07, with a close below RM5.97 as a stop-loss. The price target is RM6.80, should the recent high of RM6.30 be broken. Failure to stay above RM6.00 could see the stock lower with further supports at RM5.80 and RM5.65.
DiGi’s rally will continue if the stock closes above RM5.50. A purchase can be made if it stays above RM5.50, with a close below yesterday’s low of RM5.40 as a stop-loss. The price targets are RM5.90 and RM6.20. However, look for the stock to correct should it closes below RM5.40. Supports are seen at RM5.05 and RM4.70.
CIMB may climb higher after reacting positively to Monday’s “Hammer”. A position can be initiated on a close above Monday’s high of RM7.61, with a close below yesterday’s low of RM7.53 as a stop-loss. The price target remains at RM8.50, provided that RM8.00 is broken. The stock will trade lower, however, if it closes below RM7.53, with supports expected at RM7.30 and RM7.15.
Tiger may rally further after closing above RM0.20 for a couple of days. A purchase can be made above RM0.20, with a close below yesterday’s low of RM0.19 as a stop-loss. The price targets are RM0.25 and the prior high of RM0.27. Failure to stay above RM0.20 could see the stock lower and supports are anticipated at RM0.18 and RM0.16.
BPuri may rally further after closing at its three-month high. A purchase can be made above RM0.855, or otherwise above RM0.90, with a close below RM0.82 as a stop-loss. The price targets are RM1.00 and RM1.10. Failure to stay above RM0.855 should see the stock lower, with selling likely to intensify on a close below RM0.82.
Fitters may decline again after failing the resistance test of RM0.715. A position can be liquidated if it stays below RM0.675, while supports are anticipated at RM0.63 and RM0.60. The negative bias will be nullified should the stock close above RM0.715. Look for it to rebound and resistance is anticipated at RM0.75 and RM0.80.
Tambun should rise further after a firm close yesterday. A purchase can be made above RM0.69, or otherwise above RM0.70, with a close below yesterday’s low of RM0.67 as a stop-loss. The price targets are prior highs of RM0.765 and RM0.825. Failure to break above RM0.70 could see the stock sideways, with further supports seen at RM0.63 and RM0.59.
Cheetah may rise after closing above the psychological RM0.50. A purchase can be made above RM0.50, or otherwise above RM0.52, with a close below RM0.49 as a stop-loss. The price targets are RM0.55 and RM0.60. Failure to stay above RM0.50 should see the stock trade sideways, with further support seen at RM0.44.
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