Stocks to Watch 6 - 10 Jan

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Below is purely on my personal opinion and please seek advice from your broker for investment decision.

BARAKAH

BARAKAH was closed just above 20MA which may good for it to rebound soon. The next level to watch is 1.64 which is 7.9% and level to cut loss may consider to be at 1.45.

DESTINI

 
This stock has been rebounded since highlighted on here. The next immediate level to watch is 0.48 which is only .02 profit. This stock might need more time to trade higher.

DSONIC

DSONIC is always well supported by 20MA and this might a good opportunity for traders to consider. 

The profit target is RM0.25 which is around 12% profit.

HOHUP

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HOHUP was landed just above 50MA which personally think that it is quite a good opportunity who people who like this counter to enter as it may rebound from 50MA.

IRIS

IRIS resistance has been broken and closed beautifully at RM0.29.
The next level to watch is RM0.30. Patience needed in this counter.

MATRIX

MATRIX rebounded strongly from previous day closing and the next level to watch is RM3.77.

SENDAI

SENDAI might experience short term rebound on this trading week and the profit target is around RM0.07 which is about 6.9%.

SUNWAY

SUNWAY has broke the trendline resistance strongly and the next level to watch is RM2.79 and RM2.90
Kindly pay some patience on this stock for it to trade higher. Traders who are not in position but wish to enter, you might wait for pull back to enter.

WCT

WCT, downtrend stock which shows some sign of rebound.This stock has been highlighted on 16 Dec that it may find its support on RM2.10 or RM2.03. Currently the stock has rebounded from RM2.03. The next level to watch is around RM2.21.