BJASSET (Not Rated)

• BJASSET climbed 1.5 sen (3.33%) to close at RM0.465 yesterday.
• The share was on a downtrend since June 2016, plunging from a high of RM0.700 to a low of RM0.400.
• However, the share appears to have bottomed out from the downtrend as the past few days share performance were strong and technical indicators are now in positive mode.
• Should the share be able to break past RM0.480 (R1), it will likely head further towards RM0.510 (R2).
• On the other hand, support can be identified at RM0.395 (S1) as it proved to be a very resilient support level. A break below S1 will be highly negative as the next support is at RM0.320 (S2).

LEESK (Not Rated)

• LEESK gained 3.0 sen (4.44%) to close at RM0.705.
• The share price has been on uptrend since Dec 2017, trending to its all-time high of RM0.780 from as low as RM0.320.
• Yesterday’s move saw the share firmly closing above RM0.670 level, leading all key moving averages.
• Technical outlook seemingly bullish –bias as indicated by continued upwards movement in MACD above Signal-line as well as upticks in both RSI and Stochastic.
• Expect LEESK to retest resistance level RM 0.780 (R1) with a decisive take down would see the share making possible next higher high towards RM0.890 (R2).
• Should the buying interest fail to sustain, expect retracement towards immediate support level of RM0.670 (S1) with a break below RM0.605 (S2) is deemed highly negative.

Source: Kenanga Research - 27 Apr 2018