· ECONPILE (Trading Buy, TP: RM0.94) has staged a comeback in tandem with the stronger trading volume, as it went up by 3.0 sen to RM0.83 after previously being bashed down from as high as RM1.07 a month ago, due to the weak market sentiment. We advise investors to monitor this stock as RSI and Stochastics have started to pick up steam, reversing from their respective oversold region strongly to imply the rising buying momentum. In anticipation of a follow-through buying interest, we expect the share price to push towards RM0.90 (R1) and RM0.94 (R2), while strong supports are at RM0.80 (S1) and RM0.71 (S2).

· JAKS (Not Rated) has potentially find a strong footing above its multi-month uptrend support line, as it looks set to stage a reversal play from the said level. In tandem with the thin volume traded recently, MACD indicated that it was hooking downwards and trading below its positive Signal line. However, we observe that both the Stochastic and RSI indicator are showing signs of reversal from their low-point with a slight uptick, as the former looks to reverse from its oversold territory. Hence, we advocate investors to look out for a high volume rally to confirm the reversal play. Immediate resistance is capped at RM0.0.87 (R1), while immediate support is marked at RM0.75 (S1). 

Source: Kenanga Research - 21 Aug 2015