LEESK (Not Rated)

• Bucking against the negative broad market sentiment, LEESK jumped 5.0 sen (6.3%) to close at RM0.840 yesterday.
• Yesterday’s move displayed a successful rebound from its previous resistance-turned-support level, recovering most of its previous day’s losses.
• Overall, the underlying uptrend of the share remains intact, despite some negative movements earlier in the week. Key SMAs and momentum indicators continue strong positive displays.
• As such, expect follow through buying towards resistances at RM0.890 (R1) and RM0.960 (R2).
• Conversely, supports can be identified at RM0.780 (S1) and RM0.670 (S2).

N2N (Not Rated)

• N2N jumped up by 7.0 sen (6.80%) yesterday to close at RM1.10 on stronger-than-average trading volume.
• Yesterday’s move proved that RM1.02 is a strong immediate support as it rebounded upwards after making losses over the past few days.
• Overall technical outlook remains positive after the share had bottomed-out in early April, with indicators remaining in positive states.
• Should it be able to break above immediate overhead resistance of RM1.14 (R1), it will be deemed as highly positive, with the next resistance level identified at RM1.26 (R2).
• Conversely, supports can be identified at RM1.03 (S1) and RM0.960 (S2).

Source: Kenanga Research - 24 May 2018