IHH may decline after it formed black candles below the psychological RM3.50. Liquidation can be made if the stock closes below RM3.44 and supports are expected at RM3.35 and RM3.30. A close above RM3.50, on the other hand, will see the stock go higher. Resistance is at RM3.60.
Inch Kenneth may decline further after forming a weak candle below the round figure of RM1.10. A position can be liquidated as long as the stock stays below RM1.10 and supports are anticipated at RM0.97 and RM0.89. However, the rally may resume if it closes back above RM1.10 and resistance are at RM1.20 and RM1.35.
Alam may decline after failing to stay above the RM0.90 resistance level. A trader may opt to exit on a close below RM0.88 and supports are anticipated at RM0.80 and RM0.77. A close back above RM0.90 could see buyers returning but expect firm resistance at RM1.00.
MISC may rebound if it can get above the 200-day MAV line. Traders may opt to purchase the stock it closes above RM4.38, with a close below RM4.20 as a stop-loss. The price target is RM5.10, if the July 2012 high of RM4.80 is broken. The stock may trade sideways if it fails to get above RM4.38, with support seen at RM4.00 and RM3.85.
Kimlun may rise further after staying above the 200-day MAV line for several days. A purchase can be made if it closes above RM1.50, with a close below RM1.45 as a stop-loss. The price target is RM1.68, with selling also expected at RM1.61. Failure to break above RM1.50 should see the stock trade sideways and supports are anticipated at RM1.37 and RM1.30.
TRC may rebound after getting back above the round figure of RM0.60 last Friday. A purchase can be made if the stock stays above RM0.60, with a close below it as a stop-loss. The price targets are the prior highs of RM0.68 and RM0.74. Failure to stay above RM0.60 should send the stock move sideways and strong support is expected at RM0.55.
Tebrau may enter into a correction after forming weak candles below RM0.90. A liquidation can be undertaken as long as the stock stays below RM0.90, and supports are anticipated at RM0.80 and RM0.765. A close above RM0.90, however, should see the stock trend higher and strong resistance can be seen at RM1.00.
Sendai may decline after last Friday’s high volume trading failed to get it above the RM1.30 level. A liquidation can be made as long as the stock stays below RM1.30, and supports are anticipated at RM1.20 and RM1.08. A rebound may ensue, however, if the stock closes above RM1.30 and resistances are anticipated at the prior lows of RM1.40 and RM1.50.
Source: OSK
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