IJM may rebound after staying above the RM5.00 support level. A purchase can be made above RM5.00, with a close below the same level as a stop-loss. The price target is at RM5.45, if the RM5.25 resistance level is broken. Failure to stay above RM5.00 could see the stock trade sideways, with strong support anticipated at RM4.85.
Faber may rebound after gapping above the 200-day MAV line. Traders may opt to purchase the stock it stays above RM1.50, with a close below yesterday’s low of RM1.47 as a stop-loss. The price target is at a prior high of RM1.65, if RM1.56 is broken. The stock may trade sideways if it fails to stay above RM1.50, with strong supports at RM1.35 and RM1.27.
MISC should climb higher after posting a six-month high, above the 200-day MAV line. A purchase can be made if it stays above RM4.50, with a close below RM4.30 as a stop-loss. The price targets are at RM5.40, if the RM4.85 resistance level is broken. Failure to stay above RM4.50 will likely see the stock trending sideways, with supports seen at RM4.15 and RM4.00.
Tiger may climb higher if it gets above the 50-day MAV line. A purchase can be made if it closes above RM0.34, with a close below RM0.32 as a stop-loss. The price targets are at RM0.37 and the prior high of RM0.415. A close below RM0.32 should see the stock trade sideways and the downside risk will increase on a close below RM0.30.
Handal may climb higher if it breaks above RM0.45 resistance level. A position can be inititated if it closes above RM0.45, with a close below RM0.42 as a stop-loss. The price target is at RM0.58, if the psychological RM0.50 is broken. Failure to break above RM0.45 should see it trade sideways and supports are at RM0.40 and RM0.37.
Scomi may fall further as if it stays below the 100-day MAV line. A trader can liquidate if the stock closes below RM0.345, while supports are anticipated at RM0.30 and RM0.27. Buying could return quickly if the stock fails to break below RM0.354, but expect strong resistance at RM0.38 and RM0.40.
Glomac should climb higher if it gets above the RM0.85 resistance level line. A purchase can be made if the stock closes above RM0.85, with a close below RM0.825 as a stop-loss. The price target is the psychological RM1.00, if the prior high of RM0.90 is broken. The stock may trade sideways if it fails to get above RM0.85, while strong supports are anticipated at RM0.80 and RM0.78.
TH Plantations may rally after holding above the 50-day MAV line. Traders may opt to purchase if the stock closes above RM2.07, with a close below RM2.00 as a stop-loss. The price target is at RM2.25, if the stock pushes through the recent high of RM2.15. The stock may trade lower if it fails to get above RM2.07 and the downside pressure may increase on a close below RM1.90.
Source: OSK
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