PetDag may climb higher after closing above the four-month resistance of RM23.00. A purchase can be made if it stays above RM23.00, with a close below November’s low of RM21.70 as a stop-loss. The price targets are RM24.00 and the psychological RM25.00. The stock may trade sideways if it closes below RM23.00, with further support expected at RM21.00.
Orient may scale further after closing above the four-month resistance of RM8.00. A position can be initiated above RM8.00, with a close below last week’s low of RM7.70 as stop-loss. The price targets are RM8.85 and RM9.60. Failure to stay above RM8.00 should see the stock sideways, with selling intensifying on a close below RM7.70.
Latitud may climb higher if it can hold above the one-year resistance of RM0.67. A purchase can be made above RM0.67, with a close below RM0.64 as stop-loss. The price targets are the prior highs of RM0.80 and RM0.90. A close below RM0.64 should see the stock lower, with supports seen at RM0.60 and RM0.57.
JohoTin may rebound after holding above the 200-day MAV line. Apurchase can be made above RM1.43, with a close below RM1.38 as a stop-loss. The price targets are prior highs of RM1.65 and RM1.83. A close below RM1.38 will see the stock lower, with supports anticipated at RM1.30 and RM1.20.
FGV’s downside risk increases after closing the lowest since its IPO. A trader can liquidate on a close below RM4.55, with supports anticipated at RM4.40 and RM4.25. A close above RM4.60 indicates that buying support is still not letting up, with higher prices expected should the stock break above RM4.67 convincingly.
Genting may rebound after recovering all the losses of last Thursday. A purchase can be made on a close above Thursday’s high of RM9.04, with a close below RM8.80 as a stop-loss. The price targets are July’s high of RM9.85 and February’s low of RM10.20, if the recen high of RM9.50 is broken. Failure to stay above RM9.00 could see the stock trend lower, with strong support seen at RM8.60.
TNLogis’ uptrend should remain intact if it stays above RM1.30. A position can be initiated above this level, with a close below last week’s low of RM1.25 as a stop-loss. The price targets are RM1.48 and RM1.64. Failure to stay above RM1.30 could see the stock move lower, with supports seen at RM1.20 and RM1.12.
Kian Joo, which is holding above the RM2.00 support level, may climb higher. A purchase can be made on a close above RM2.06, with a close below RM2.00 as a stop-loss. The price targets are RM2.20 and the prior low of RM2.30. The stock may fall if it closes below RM2.00. Supports lie at RM1.92 and RM1.85
Source: OSK
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