YTL Power may climb after a firm close yesterday. A purchase can be made if the stock stays above RM1.55, with a close below RM1.50 as a stop-loss. The price targets are RM1.63 and RM1.75. The stock may decline if it is unable to stay above RM1.55, with supports seen at RM1.40 and RM1.30.
Scomi may rebound if it can close above the two-day high of RM0.36. A purchase can be made if this happens, with a close below RM0.345 as a stop-loss. The price target is RM0.45, should the recent high of RM0.40 be broken. Failure to surpass RM0.36 could see the stock trend lower, with supports expected at RM0.325 and RM0.30.
Cuscapi may rebound after holding above the RM0.30 support level.A purchase can be made if it stays above RM0.32, with a close belowRM0.30 as a stop-loss. The price target is the recent high of RM0.42,with selling anticipated at RM0.38. Failure to stay above RM0.32 willlikely see the stock lower, with strong support seen at RM0.25.
Hup Seng may accelerate after closing higher yesterday. A purchase can be made if the stock stays above RM2.85, with a close below RM2.76 as a stop-loss. The price target is RM3.20, should the psychological RM3.00 be broken. Failure to stay above RM2.85 could see the stock sideways, while support is expected at RM2.55.
Zhulian should trade higher after posting a new 52-week high. A position can be initiated if it stays above RM2.80, with a close below RM2.70 as a stop-loss. The price target is RM3.20, with selling anticipated at RM2.95. Failure to hold above RM2.80 will likely see the stock sideways while further support lies at RM2.50.
OCK may scale higher after closing the highest in more than a month. A purchase can be made if it stays above RM0.475, or otherwise above RM0.50, with a close below RM0.45 as a stop-loss. The price targets are RM0.55 and RM0.60. Failure to get above RM0.50 should see the stock sideways, with selling likely to intensify on a close below RM0.40.
SEG will likely fall after closing at its lowest in almost six months. A trader can liquidate below RM1.90, with supports anticipated at RM1.70 and RM1.60. A close above RM1.90 could see a return of buying support but expect strong resistance at RM2.00.
IncKen should climb higher if it closes above the RM0.83 resistance level. A purchase can be made if this happens, with a close below last week’s low of RM0.79 as a stop-loss. The price target is the psychological RM1.00, with selling anticipated at RM0.90. Failure to break above RM0.83 should see the stock sideways, and selling will intensify should the RM0.75 support level be violated.
Source: OSK
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