· YSPSAH (Take Profit @ RM2.75). Recall that we issued a Trading Buy call on YSPSAH with a TP of RM2.75 (report dated 2/10/15), after the share price broke out from its ‘descending triangle’ chart pattern. Yesterday, the share price rallied to achieve an intraday high of RM2.77 with strong trading volume, putting an end to its prolonged sideways trading pattern. Both RSI and Stochastic have already entered their respective overbought territory to suggest that upside could be limited from here. As the share price has met our TP of RM2.75 during yesterday’s session, we are taking profit on the stock to secure a 10.4% gain. Meanwhile, we will re-look into the stock once its technical picture turns attractive again.

· TDM (Not Rated). We are re-looking into TDM once again (previous review was on 2/10/15), where we previously anticipated that the share price is poised for an uptrend reversal after breaking out from its multi-month resistance-turned-support level. Yesterday, the share price staged a strong rebound play from its -1SD regression level after undergoing a consolidation phase. Both RSI and Stochastic are showing strong uptick to reaffirm the reversal play with strong buying momentum. With that, we recommend this as a play for short-term traders as we reckon that the share price could look to retest its 5-month high resistance of RM0.75 (R2) soon. A breakout from this level may set the stage for the stock to surge towards RM0.80 in the mid-term. 

Source: Kenanga Research - 5 Nov 2015