HAIO (Not Rated)

• Yesterday, HAIO gained 12 sen (2.5%) to close at RM5.00 on the back of above-average volumes.
• Chart-wise, yesterday’s move could suggest a continuation in recovery after bottoming-out last week, with the share now closing above its shorter-term 20-day SMA.
• Likewise, the bullish outlook is further supported by improving displays from key indicators.
• From here, we look towards to see the stock taking out resistances at RM5.21 (R1) and RM5.60 (R2).
• However, should momentum fail to sustain, lower supports are expected at RM4.78 (S1) and RM4.56 (S2).

MYEG (Not Rated)

• MYEG climbed 3.0sen (1.1%) to close at RM2.83.
• Technical picture appears positive with yesterday’s follows through advancement from Tuesday's breakout of the RM2.78 all-time high.
• Share price continues to lead key SMAs upwards while momentum indicators are increasingly bullish, particularly the MACD and Signal-Line crossover.
• From here, anticipate a climb towards RM3.00 (R1) and RM3.11 (R2) further up.
• Conversely, immediate resistance-turned-support can be identified at 2.78 (S1), while next support is identified at RM2.58 (S2).

Source: Kenanga Research - 29 Mar 2018