· JERASIA (TB, TP: RM1.09). Yesterday, JERASIA rose 7.5 sen or 8.4% to RM0.965 with trading volume higher than the 2-day average. The share price is observed staging a rebound from its support level of RM0.870 (S1), approaching the immediate resistance of RM1.05 (R1) while staying above its 20-day and 50-day SMA levels. The momentum indicators were also showing positive signals with MACD indicator pointing to bullish prospect while both Stochastics and RSI indicators are heading north, further implying the positive buying momentum. Thus, we are issuing a ‘Trading Buy’ call on the stock with Target Price set at RM1.09 (R2) while stop-loss is set at RM0.870 (S1).

· YSPSAH (NR). Last two months, we featured YSP at RM2.11 (dated 16 June). Since then, the price action had been relatively choppy, though the share price held up relatively well despite the selling pressure in the overall market. Currently, with the corrected share price settling above the uptrend trend line support level, which has been well-tested thrice before, it could be poised for a rebound soon. Despite the negative MACD, with the oversold RSI, we are expecting a technical rebound towards the resistance at RM3.04 (R1) and possibly a retest of RM3.49 (R2) next. Meanwhile, immediate support could be found at RM2.50 (S1). 

Source: Kenanga Research - 6 Aug 2015