Key Asic may trend higher after breaching the MYR0.19 level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.225, followed by MYR0.245. The stock may drift sideways if it dips below the MYR0.19 mark. In this case, support is anticipated at MYR0.16, where traders can exit upon a breach to avoid the risk of a further correction.
Malton may rebound further after crossing above the 50-day MAV line while sustaining above the MYR0.75 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.825, followed by MYR0.86. The stock may drift sideways if it falls back below the MYR0.75 mark. In this case, support is anticipated at MYR0.715, where traders can exit upon a breach to avoid the risk of a further correction.
CCK Consolidated formed a ‘Bullish Harami’ pattern in its latest session. The stock may experience a technical rebound if it can surpass the MYR1.22 level in the near term, with a target price of MYR1.30, followed by MYR1.44. In the meantime, the stock may move sideways if the MY1.22 level cannot be breached. Further support may then be found at MYR1.12, where traders can exit upon a breach.
AirAsia X was testing the MYR0.25 level in its latest session after closing at a new 8-month high. The stock may experience a further uptrend if it breaches this level in the near term, with a target price of MYR0.275, followed by MYR0.30. In the meantime, the stock may move sideways if the MY0.25 mark cannot be breached. Further support may then be found at MYR0.225, where traders can exit upon a breach to avoid the risk of a further correction.
Lii Hen Industries may rebound further after breaching the MYR2.40 level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.60, followed by MYR2.78. The stock may drift sideways if it cannot sustain above the MYR2.40 mark. In this case, support is anticipated at MYR2.22, where traders can exit upon a breach to avoid the risk of a further correction.
Power Root may experience further weakness after falling below the MYR2.50 level in its latest session. Traders may expect further selling if it stays below this level in the near term, with the next supports anticipated at MYR2.25, followed by MYR2.00. The stock may trade sideways if it recovers back above the MYR2.50 mark. The bearish bias may be eliminated if the MYR2.62 level can be surpassed.
Source: RHB Research - 16 Feb 2016
Chart | Stock Name | Last | Change | Volume |
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Created by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
monitor these few days price movements.
got vol. means good news.
no vol. then focus on others lo.
2016-02-16 18:03
8illionaire
somthing i wish to highlight.
cck quarter results should be out next friday
2016-02-16 18:02