HLIND (Not Rated)

• Yesterday, HLIND rose 34 sen (3.0%) to close at day’s high of RM11.56.
• Share has been in an uptrend since start of the year, breaking through key SMAs which are currently in a “Golden Crossover” state.
• Yesterday’s move marks as a breakout from previous resistance of RM11.32, in which was tested over the past few days.
• From here, we expect follow-through momentum to bring the share towards overhead resistances of RM11.80 (R1) and RM12.11 (R2).
• Conversely, a failure to do so could see share price testing supports at RM10.83 (S1) and RM10.53 (S2).

LCTITAN (Not Rated)

• LCTITAN climbed 28.0 sen (5.07%) to close at RM5.80.
• The share had been trading on higher than average volume over the past four days with strong buying interest shown by the string of white candlesticks.
• Key technical indicators are in a bullish convergence with the uptrend.
• Expect bullish momentum to continue towards the resistance level of RM5.94 (R1) and possibly RM6.36 (R2).
• Conversely, any pullback towards RM5.50 (S1) would offer a good accumulation point while further pullback towards RM5.25 (S2) would be deemed as highly negative.

Source: Kenanga Research - 2 Mar 2018