COMFORT (Not Rated)

• COMFORT advanced 7.0 sen (6.7%) to finish at RM1.12.
• The stock appears to be in a phase of consolidation from the prior uptrend with a formation that resembles triangle.
• Yesterday’s advancement drove the stock to the upper trend line of its triangle staging for a retest, whilst forming a bullish “Opening Morubozu” candlestick.
• Momentum indicators and SMAs remain fairly mixed though shown some upticks of late.
• Look out of crucial resistance at a level near RM1.13 (R1), in which a decisive upward break from the triangle would signal a continuation, potentially paving advancement towards 1.23 (R2).
• Conversely, a support can be identified at RM1.01 (S1) and RM0.95 (S2).

FFHB (Not Rated)

• FFHB jumped 5.5 sen (13.10%) to close at RM0.475, on the back of strong trading volume.
• Yesterday’s move saw FFHB has rekindled investor’s interest resulting in a technical breakout from its downtrend channel with the formation of a long bullish candlestick.
• Resurgence of buying interest on the stock is also reflected by uptick on RSI and Stochastic from their respective oversold position.
• The bullish uptick set by MACD above the signal line is also in supportive of a positive technical outlook.
• Should follow-through buying- interest carries on over the next few days, the stock could set sights towards RM0.520 (R1) and should this be taken out, next resistance level is identified at RM0.590 (R2).
• Immediate support level is located at RM0.415 (S1) with a break below RM0.400 (S2) is deemed highly negative.

Source: Kenanga Research - 28 Mar 2018