· WINTONI (TB, TP: RM RM0.37). WINTONI has been trading in the range of RM0.285-RM0.425 and a “Triangle” chart pattern is forming. Chart-wise, every time the share price hits the uptrend trend line support, it will rebound and rally towards the downtrend trend line resistance. The share price is now trending towards the uptrend trend line support of RM0.32 (S1), while RSI is sending a positive signal. Thus, we believe that this is a good opportunity for us to issue a “Trading Buy” call with a target price of RM0.37 (R1) and a stop-loss of RM0.305 (3- bids below support level of RM0.32 (S1)).

· MIKROMB (NR) is consolidating after hitting the recent high at RM0.46. A “Doji” candlestick has appeared in the daily technical chart, suggesting the indecision of investors. The readings from key indicators are relatively neutral. Currently, the share price is trading close to the strong support level of RM0.36 which could be a good entry price for investors interested in this stock. Should a high volume breakout above RM0.385 (R1) occur, the share price could rally and retest the previous high of RM0.46.

· SCICOM (NR). SCICOM is trending in the range of RM2.00-RM2.20 for the past 2 months. Neutral readings are seen from key indicators such as Stochastics, RSI and MACD. We believe that current share price (ranging from RM2.00-RM2.09) offers a good buying opportunity for investors to accumulate this stock. Should buying interests kick in, the share price could rally towards the recent high of RM2.36.

· IQGROUP (NR). A “Dragonfly Doji has appeared in the daily technical chart, suggesting a potential of change in direction. Indicator-wise, Stochastics is in the oversold territory which is staging for a rebound. Thus, should a white candlestick is formed today, the share price could potentially rebound and retests the resistance of RM2.59 (R2).

Source: Kenanga Research - 7 Jul 2015