Astro should rise further if it can close above the RM3.00 resistance level, at which a position can be initiated if this happens, with a close below RM2.90 as stop-loss. The price target is RM3.20, should the intraday high of RM3.11 be broken. Failure to get above RM3.00 will likely see the stock go lower, with supports seen at RM2.75 and RM2.60.
TM’s rally may resume after closing above RM6.00. A purchase can be made if it stays above RM6.00, with a close below RM5.90 as a stop-loss. The price target is RM6.60, should the recent high of RM6.40 be broken. Failure to stay above RM5.20 could see the stock trend sideways, with strong support expected at RM5.30.
Armada may rebound after closing at its highest in almost 6 months. A purchase can be made if the stock closes above RM4.00, with a close below RM3.80 as stop-loss. The price target is RM4.50, with selling also expected at RM4.30. the stock’s failure to break above RM4.00 may see it move sideways, with strong supports seen at RM3.70 and RM3.60.
Astral Supreme may rebound after holding above the RM0.18 support level. A purchase can be made if the stock closes above RM0.20, with a close below RM0.18 as a stop-loss. The price targets are RM0.235 and RM0.25. The stock may decline if it fails to close above RM0.20, below which supports are seen at RM0.16 and RM0.15.
Hibiscs is likely to fall after closing at its lowest in more than 6 months on Monday. A trader can liquidate as long as the stock stays below RM1.50, with supports anticipated at RM1.35 and RM1.25. A close above RM1.50 could see a return of buying support but expect resistance at RM1.60 and RM1.73.
RSawit may decline after forming the negative “Gravestone Doji” on Monday. A trader may liquidate if the stock closes below RM0.835, with supports anticipated at RM0.75 and RM0.68. On the other hand, should the stock fail to close below RM0.835, it may move higher. Expect resistance at RM0.90 and RM1.00.
Source: OSK
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