MIECO (Not Rated). MIECO has been on a downtrend trajectory since reaching a high level of RM1.34 back in 19-November 2015. Riding on the recent hype over rally in chipboard makers, MIECO had started to garnered investors interest as it rose 6.0 sen (+6.56%) to break out from its downtrend resistance trend line at RM0.975 on the back of strong trading volume. MACD had also broken away from its downtrend resistance to conduct a bullish convergence, while RSI and Stochastic had also hooked up to trace out a buy signal on the stock. Shall follow through buying occurs, the share price is expected to climb further up towards RM1.00 (R1) before retesting the RM1.13 (R2) level in the nearterm. Immediate support could be seen at RM0.90 (S1) followed by RM0.80 (S2).

KIALIM (Not Rated). After breaking of the RM0.60 resistance level in Dec-2015, KIALIM commenced a strong rally with the share price reaching a high of RM0.985 barely a month later. The share price had since retraced 61.8% (Jan-2016), before hovering at the uptrend support between RM0.64-RM0.69. Yesterday, the share price rallied 4.5 sen (+6.7%) to close at RM0.715 on high trading volume. With the strong gains, the Stochastic indicator has hooked upwards into a bullish territory to reflect a pick-up in positive momentum. Hence, KIALIM is poised to resume its uptrend towards the RM0.80 (R1) immediate resistance. Should this level be taken out in a decisive manner, we would then expect a retest of the RM0.985 (R2) high. Support levels are pegged at RM0.64 (S1) and RM0.60 (S2). 

Source: Kenanga Research - 26 Feb 2016