MAYBANK (Trading Buy, TP: RM11.52, SL: RM10.58)

• Yesterday, MAYBANK inched up 6 sen (0.56%), closing at RM10.88.
• Technically, the share is enjoying a steady uptrend since November last year, with the share leading key SMAs upwards in the chart. Additionally, trading volumes have also been healthy for the past couple of weeks.
• From here, look towards a retest of its high at RM11.08 (R1), with a higher resistance at RM11.55 (R2).
• Downside supports can be identified at RM10.61 (S1) and RM10.32 (S2).

DKSH (Trading Buy, TP: RM4.80, SL: RM4.00)

• DKSH rallied a good 24 sen (5.7%) yesterday on high trading volumes, closing at its intraday high of RM4.42, forming a white “Marubozu” candlestick.
• Overall, the share seems to have bottomed-out after hitting a low late last month. Key momentum indicators are showing strong displays, with the share decisively breaking above key SMAs over the past few days.
• With follow-through buying, look towards resistances at RM4.80 (R1) and RM5.34 (R2).
• Conversely, downside supports can be found at RM4.00 (S1) and RM3.59 (S2).

Source: Kenanga Research - 22 May 2018