· CENTURY (Trading Buy, TP: RM0.90). CENTURY reversed from its recent low of RM0.75 few days ago. Yesterday, the share price gained 2.0 sen or 2.48% to settle at RM0.825. The share price managed to break above its 20-day SMA as well as the +2SD regression line. Indicatorwise, both MACD and RSI indicators are heading further upwards, coupled with the daily trading volume which is picking up, these signs suggest strong buying interests. Thus, should the buying momentum continue, the share price could potentially rally towards RM0.855 (R1) and RM0.90 (R2) next. All in, we are placing a “Trading Buy” call on CENTURY with a target price of RM0.90 (R2), while a stop-loss of RM0.78 (S2) should be placed.

· HARBOUR (Not Rated) has been undergoing consolidation since beginning of August and was hovering at its -2SD regression level, which acted as the support. Yesterday, the stock garnered trading interest, making a sharp leap of 15.0 sen or 6.90% to settle at RM2.31. Chart-wise, the share price is looking to break its 100-day SMA level of RM2.31, supported by increasing buying momentum. MACD has just performed a positive crossover, suggesting that share price is likely to continue riding on the bullish uptrend. While all indicators are heading north, do take note that Stochastic indicator has spiked sharply into the overbought territory, signalling a possible reversal. Therefore, we expect the stock to rally towards our objective measurement of RM2.68, which coincides with its mean regression level should buying interest persist.

· MISC (Not Rated). Yesterday, the share price gapped up to close at RM8.40, with an exceptional strong buying volume. Chart-wise, a ‘Rounding Bottom’ chart pattern was formed with the share price trading above all its key SMA levels, suggesting further upside potential for the stock. Key indicators such as MACD is trading above its positive Signal Line, while both RSI and Stochastic indicators are hooking upwards sharply, indicating a bullish trend. Should the buying momentum accelerate further, we expect share price to rally towards its immediate resistance level of RM8.68 (R1) and possibly test the next resistance level of RM8.95 (R2). Meanwhile, the immediate support level is placed at RM8.25 (S1). 

Source: Kenanga Research - 10 Sep 2015