TRADING STOCKS: PBK, LPI, HLFG, JOHO, GAM, MYEG, HLG, HAIO

Public Bank should climb higher after printing a new all-time high. A purchase can be made if it stays above RM16.00, with a close below
RM15.80 as a stop-loss. The price target is at RM17.20, with selling also  expected  at  RM16.70.  The  stock  may  trade  sideways  if  it  is unable to get stay above RM16.00, with support at RM15.50.

LPI  may  climb  higher  after  printing  a  fresh  52-week  high.  A  trader may  opt  to  purchase  the  stock  if  it  stays  above  RM14.10,  with  a close  below  RM13.80  as  a  stop-loss.  The  price  target  is  RM15.70, and if broken, at RM17.00. However, the stock will trade sideways if it fails to stay above RM14.10. Another support is at RM13.50.

HLFG  should  climb  higher  after  staying  above  RM13.50  for  two straight days. A purchase can be made above the level, with a close below RM13.00 as a stop-loss. The price targets are at RM14.60 and RM16.50.  Failure  to  stay  above  RM13.50  could  see  the  stock sideways, with supports seen at RM12.50.

Johotin’s rebound should continue after the firmer close yesterday.. A  position  can  be  initiated  at  the  current  level,  with  a  close  below RM1.60  as  a  stop-loss.  The  price  targets  are  RM1.84  and  RM2.00. Failure  to  stay  above  RM1.60  could  see  the  stock  trade  lower  and strong support is at RM1.40.

Gamuda  may  resume  its  rebound  if  it  can  close  above  the  RM3.65 resistance level. A position can be initiated if it happens, with a close below the recent low of RM3.55 as a stop-loss. The price targets are the  prior  highs  of  RM4.00  and  RM4.25.  Failure  to  break  above RM3.65  will  likely  see  the  stock  lower  and  supports  are  seen  at RM3.40.

MyEG  may  climb  higher  after  getting  above  the  RM0.80  resistance level. A purchase can be made if it stays above RM0.80, with a close below RM0.77 as a stop-loss. The price target  is at RM0.975, if the recent  high  of  RM0.865  is  broken.  Failure  to  stay  above  RM0.80 likely see the stock lower and supports are at RM0.735 and RM0.68. 

HLCap  should  move  higher  after  printing  a  new  52-week  high.  A purchase can be made above RM1.24, with a close below RM1.20 as a  stop-loss.  The  price  targets  are  at  the  prior  highs  of  RM1.45  and RM1.60.  Failure  to  stay  above  RM1.24  should  see  the  stock  trade sideways, with support seen at RM1.15.

HaiO will likely trade higher after gapping up yesterday. A purchase can be made if it stays above RM2.25, with a close below RM2.17 as a stop-loss. Price targets are the prior highs of RM2.35 and RM2.70. Failure  to  stay  above  RM2.25  should  see  the  stock  sideways,  with strong support at RM2.00. 

Source: OSK