· BIOHLDG (TB, TP:RM0.36). BIOHLDG has been bashed-down by investors by c.42% since reaching a high of RM0.48 back in late-April. In tandem with stronger trading volume, the share price has shown signs of revival after it rebounded strongly by 2.5 sen or 9% to settle at RM0.30 yesterday (refer to Figure 3). Key momentum indicators (Stochastic and RSI) have also emerged from their oversold region, suggesting buying interest is picking up. We view that the current price level offers a good entry opportunity for traders who look to buy into the stock. Hence, we are placing a ‘Trading Buy’ call on the stock with expectation that it will ride on momentum to trend towards RM0.36 in the near term. A strict stop-loss is placed at RM0.275.

· ECOWLD (TB, TP: RM1.70) staged a strong rebound yesterday to close at RM1.52. The share price has been hammered by almost 30% from its multi-month high of RM2.10 since end of February this year. Chart-wise, the technical picture is showcasing positive signals with key indicators heading north especially both RSI and Stochastic indicators rebounded from its oversold territory (refer to Figure 4). We believe buying interest has emerged and thus we are placing a “Trading Buy” on the stock with a target price of RM1.70.

· UNISEM (NR) also offers some compelling trading opportunity for investors. The share price has confirmed a reversal play settling above its 200-day SMA level and its lower Bollinger band (refer to Figure 5). Key indicators are encouraging as they are hooking upwards to imply that buying interest is picking up. Shall there be a follow-through in buying interest, we reckon that the share price could rally further towards its upper Bollinger band level of RM2.63.

Source: Kenanga Research - 19 Jun 2015