· CIMB (Stopped-out @ RM5.31). To recap, we issued a “Trading Buy” call on CIMB on 18 June 2015 based on strong reversal signals observed. However, due to strong market-wide selldown and FBMKLCI broke below 1,700, CIMB’s share price was also bashed down 3.45% further to close at RM5.31. We decided to cut loss since it hit our stop loss of RM5.40 and will revisit the stock once the technical indicators look attractive again.

· ECOWLD (Stopped-Out @ RM1.46). ECOWLD’s share price failed to perform according to our expectation as it continued to slip down the ladder after staging a short-lived reversal play, triggering our stop-loss level of RM1.46. The share price has also broken below its multi-month key psychological support level of RM1.47, while key indicators (Stochastic and RSI) are also laying a hand on a bearish note with their respective downtrend. We will revisit the stock once a reversal signal is in play again in the future. To recall, we had previously issued a buy call on this stock at RM1.52 in anticipation that the share price could stage a rebound play on the back of positive signals from key momentum indicators.

Source: Kenanga Research - 30 Jun 2015