· KOSSAN (NR) is trading in a tight range of RM6.50-RM7.00 for the past one month. The underlying trend remained up, supported by both the 50 and 100 SMAs. Meanwhile, Stochastics indicator is poised to rebound from the oversold region. Currently, the share price is trading close to the strong support level of RM6.50 (S1) which could be a good entry point. Should buying interests pile up, the share price could potentially rally towards RM6.76 (R1) and possibly RM6.97 (R2) next.

· SUPERMX (NR). The share price is hovering above the strong downtrend trend line support. Indicator-wise, Stochastics is in the oversold territory with no sign of rebound for now. However, with the positive sentiment – the strengthening of USD against MYR, we advocate investors interested in the stock to accumulate now. The share price is likely to retest the recent high of RM2.17 (R1) and RM2.30 (R2) next once the buying momentum kicks in.

Source: Kenanga Research - 9 Jul 2015