AWC (Trading Buy, TP @ RM1.08, SL @ RM0.93). After consolidating for over the past 3 weeks, AWC had garnered investors' interest to climb 3.5 sen (3.68%) to close at RM0.985 after announcing a stronger 2nd quarter earnings report card. Chart-wise, AWC had staged a technical rebound from its multi-year uptrend support trend line on strong trading volume. Key momentum indicators are looking healthy and promising, with the daily RSI and Stochastic hooking up from their oversold position to indicate resurgence of bulls on the stock. Should follow-through buying persist, AWC could look to gear higher up towards RM1.00 (R1) and possibly our target price objective of RM1.08 (2 bids below its resistance level of RM1.10 (R2)). Protective stop-loss is placed 2 bids below RM0.94 (S1) at RM0.93, with next support located at RM0.90 (S2).

OKA (Not Rated). Yesterday, OKA’s share price surged to an intraday high of RM1.39, before ending the day up by 3.0 sen (2.3%) at RM1.35. This came on the back of its 3Q17 earnings announcement on Friday, which showed a 32.0% YoY jump, spurred by higher margin products. Consequent to the bullish move, OKA’s share price has just broken out of a pattern resembling a “Cup & Handle” – indicative of a continuation of its longer term uptrend. In fact, the major SMAs have also completed a “Golden Crossover” (50-day/ 100-day SMA) while the MACD is showing signs of bullish convergence. From here, expect a retest of the RM1.38/1.39 (R1) highs. Once taken out, further gains would then be expected towards RM1.49 (R2) and finally the “Cup & Handle” measurement objective of RM1.57 (R3) next. Downside support levels include RM1.30/1.32 (S1) where investors may look to accumulate, although a break below RM1.28 (R2) would be highly negative for the stock

Source: Kenanga Research - 28 Feb 2017