· BIOHLDG (Not Rated). BIOHLDG has been consolidating for the past five months to form a descending triangle chart pattern, with thin volume being traded. Key indicators showed positive outlook, with both RSI and Stochastic indicators heading north, suggesting further upward movement in share prices. Should there is renewed interest in the stock prompting a break above its immediate resistance level of RM0.29 (R1), we believe it could test the next resistance level of RM0.32 (R1), while the immediate support level is seen at RM0.25 (S1).

· IOICORP (Not Rated). Yesterday, its share price broke above RM4.00 level and surged by 4.1% to RM4.07, backed by strong trading volume. Chart-wise, share price had been trending downwards for over a year but key indicators are positive, with MACD showing that the stock is traded above its positive Signal line. Meanwhile, both RSI and Stochastic indicators are bullish, indicating possible further hike in share prices. Should the share price rise above its regression upper band at RM4.23 (R1), we reckon it could rally to RM4.40 (R2) while the support level is placed at RM3.79 (S1).

Source: Kenanga Research - 1 Oct 2015