GHLSYS (Trading Buy, TP: RM0.94). GHLSYS has been on a roll in recent weeks, following the announcement of its 3Q16 earnings, which quadrupled YoY to RM4.7m. Yesterday, the share price rose a further 2.0 sen (2.3%) to a 5-month high of RM0.885. Notably, the share price has now broken out of “Double Bottom” pattern on high volume. The MACD and RSI indicators have also been trending higher to reflect a steady increase in bullish momentum. Combined, these signaled that GHLSYS has bottomed out, and is poised for a bullish reversal in the weeks ahead. Investors may enter now, or on any dip towards the RM0.865-RM0.875 (S1) trigger-line support. Meanwhile, aim to take profit at the RM0.95-RM0.955 (R1) resistance/measurement objective.

MTDACPI (Not Rated). Earlier in September, MTDACPI almost doubled over a short span of 2 weeks (from RM0.25 to as high as RM0.44) on news that the company may be a RTO vehicle for Putrajaya Perdana. The initial euphoria was short-lived, and MTDACPI subsequently slipped to a recent low of RM0.305 in the following months. Nevertheless, renewed buying interest emerged this week, with the share price rallying for a second straight day yesterday to RM0.35 (up by 3.0 sen or 9.4%). With the bullish move, MTDACPI has now broken out of its downwards consolidation phase. The RSI has also hooked upwards into bullish territory to signal a possible start of the next up-cycle. From here, we expect the share price to be upside biased. Overhead resistance levels to look out for are RM0.385 (R1) and RM0.41 (R2) while downside support is RM0.305 (S1) and RM0.28 (S2

Source: Kenanga Research - 30 Dec 2016