GHLSYS (Not Rated)

• Yesterday, GHLSYS gained 6 sen (4.2%) to close at RM1.50, despite spending almost half the day in red.
• Technically, trends have been positive after the share seemingly bottomed-out early April. Key SMAs are now in “Golden Cross”, while momentum indicators such as the MACD continue positive displays.
• From here, follow-through buying could see the share continue trending towards resistances at RM1.62 (R1) and RM1.80 (R2).
• Conversely, immediate supports can be found at RM1.42 (S1) and RM1.33 (S2).

WASEONG (Not Rated)

• Yesterday, WASEONG climbed 8.0 sen (6.3%) to close at RM1.35.
• Technical-wise, the share underwent a rapid uptrend until March-2018 before transitioning into a period of consolidation. While there is still a lack of signal for a bullish continuation of prior rally, RM1.25 is shown to be a strong support level with multiple successful rebounds from it.
• Nonetheless, indicators such as the Stochastic seem to suggest that WASEONG is oversold.
• From here, expect RM1.25 (S1) to provide a firm support. Meanwhile, investors may buy on dips with an expectation of a rebound towards RM1.50 (R1) and RM1.66 (R2) further up.
• However, should S1 lose ground; the outlook is deemed as negative, with next support only to be found at RM1.06 (S2).

Source: Kenanga Research - 1 Jun 2018