KEuro may climb further after getting back above the RM1.00 psychological level. A purchase can be made at above RM1.00, with a close below RM0.99 as a stop-loss. The price targets are at the prior highs of RM1.20 and RM1.35. The stock may decline if it is unable to stay above RM1.00, with supports at RM0.90 and RM0.85.
DRB Hicom may rebound after the firm close yesterday. A purchase can be made if the stock stays above RM2.50, with a close below RM2.40 as a stop-loss. The price target is at the psychological RM3.00, if the August high of RM2.75 is broken. Failure to stay above RM2.50 could see the stock trend lower, with supports expected at RM2.30 and RM2.20.
PA may rebound if it can stay above the RM0.125 support level. A purchase can be made if it closes above RM0.13, with a close below RM0.125 as a stop-loss. The price target is RM0.20, if the recent high of RM0.15 is broken. Failure to stay above RM0.125 will likely see the stock trend lower, with strong support seen at RM0.10.
SBC Corp may rebound after getting back above the psychological RM1.00. A purchase can be made if the stock stays above RM1.00, with a close below RM0.975 as a stop-loss. The price target is at RM1.30, if the recent high of RM1.15 is broken. Failure to stay above RM1.00 could see the stock lower while supports are at RM0.90.
The downside risk for THHeavy has increased after the stock failed to break above the RM0.57 resistance level. A trader may opt to liquidate if the price stays below RM0.56, and supports are expected at RM0.50 and RM0.475. A close above RM0.57 could see the stock higher but expect strong resistance at RM0.62.
Tebrau may scale higher if it can get back above the RM0.715 resistance level. A purchase can be made if that happens, with a close below RM0.70 as a stop-loss. The price target is at RM0.85, if the July high of RM0.77 is broken. Failure to stay above RM0.70 should see the stock trend lower, with selling likely to intensify if it closes below RM0.65.
Puncak will likely fall further after closing at its lowest in more than 10 months. Liquidation can be made below RM1.26 and supports are anticipated at RM1.10 and RM1.00. A close back above RM1.26 could see a return of buying support but expect strong resistance at RM1.40.
KPS may decline further after printing a new 52-week low. A position can be exited as long as the stock stays below RM0.90, and supports are anticipated at RM0.80 and RM0.75. A close back above RM0.90 may invite buying but strong resistance is expected at the Sept low of RM0.95.
Source: OSK
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