UMW may climb higher after closing above the RM10.30 resistance level for two days. A purchase can be made above RM10.30, with a close below RM9.90 as a stop-loss. The price target is at RM12.30, with selling also expected at RM11.80. The stock may trade sideways if it stays below RM10.30, and selling will intensify on a close below RM9.90.
Axiata could rebound if it holds above the 200-day MAV line. A position can be initiated on a close above RM5.74, with a close below RM5.60 as a stop-loss. The price target is the gap of RM6.40, if RM6.00 is broken. A failure to hit and stay above RM5.60 should see the stock lower, and strong support is at RM5.40.
PChem may rebound if it can hold above the RM6.00 support level. A purchase can be made on close above the two-day high of RM6.11, with a close below RM6.00 as a stop-loss. The price target is the Oct high of RM6.60, if the resistance of RM6.30 is broken. a close below RM6.00 should see the stock lower and supports are at RM5.85 and RM5.70.
DiGi may rebound after holding above the 200-day MAV line. A purchase can be made above RM4.65, with a close below RM4.50 as a stop-loss. The price target is recent high of RM5.50, if the gap of RM5.00 is covered. A close below RM4.50 will see it lower and supports are at RM4.30 and RM4.15.
SKPRes may rebound if it can find support at the 200-day MAV line.A purchase can be made on a close above RM0.355, with a close
below RM0.34 as a stop-loss. The price target is at RM0.455, if itmanages to break above RM0.40. A failure to break above RM0.40could see it continue sideways, with selling intensifying on a closebelow RM0.34.
below RM0.34 as a stop-loss. The price target is at RM0.455, if itmanages to break above RM0.40. A failure to break above RM0.40could see it continue sideways, with selling intensifying on a closebelow RM0.34.
Benalec may resume its rally after holding at around RM1.30. A position can be iniated on a close above the two-day high of RM1.31, with a close below RM1.27 as a stop-loss. The price target is the prior high of RM1.60, provided that recent high of RM1.50 is broken. Failure to get above RM1.31 could see it lower and possibly putting an end to the rally.
Tambun may rally further after the firm close yesterday. A positioncan be initiated on a close above RM0.72, with a close below RM0.70 as a stop-loss. The price target is the all-time intraday highof RM0.825, if the recent high of RM0.745 is broken. A failure to stay above RM0.70 could see the stock lower, with supports expected at RM0.67 and RM0.63.
PwRoot may rebound if it can hold above the 100-day MAV line. A trader may opt to purchase on a close above RM0.955, with a close below RM0.94 as a stop-loss. The price target remains at RM1.25, if RM1.10 is broken convincingly. However, the stock will decline if it closes below RM0.94. Further supports are at RM0.90 and RM0.82.
Source: OSK
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