· YSPSAH (Trading Buy, TP: RM2.75). Yesterday, the share price broke out from its descending triangle chart pattern and crossed above its 20- day and 50-day SMAs to close at RM2.49, with strong volume changing hands. Key indicators are suggesting a potential rebound play from its recent consolidation phase, as the RSI has shown a strong uptick while the Stochastic has also emerged from its oversold territory, reinforcing the reversal play. Shall buying momentum accelerate further, we believe the share price could retest its previous high level of RM2.75 (R2).

· TDM (Not Rated). Chart-wise, TDM has taken out the downtrend line with resistance-turned-support level of RM0.625 (S1). The share price has surpassed all the key SMAs, suggesting that the overall view has turned positive. However, Stochastic and RSI are trending near to the overbought territory, indicating that a short-term consolidation is imminent. We are expecting the share price to consolidate towards the strong support level of RM0.625 (S1) in view of the overbought situation. Thus, we advocate investors to relook at TDM at its immediate support level of RM0.625 (S1). Meanwhile, the immediate resistance level is capped at RM0.70.

Source: Kenanga Research - 2 Oct 2015