YINSON (Not Rated)

• YINSON climbed 17.0 sen (3.90%) last night to close at RM4.53.
• Chart-wise, overall trend is positive with the share riding on an uptrend since January 2017.
• Technical indicators reiterate the bullish trend as the share is currently leading key SMAs upward while MACD is in positive mode.
• From here, expect the share to continue heading higher to its resistance level at RM4.64 (R1) and RM4.86 (R2).
• Any downside bias will see supports at RM4.30 (S1) and RM3.95 (S2).

BAHVEST (Not Rated)

• Yesterday, BAHVEST gained 6.0 sen (5.04%) to close higher at RM1.24 backed by stronger trading volume of 8.0m shares compared to 20-day SMA of 2.4m shares.
• The share price has been on uptrend since mid-Dec last year with yesterday’s move resulted in bullish “Marubozu” candlestick, which also marked the share breaking above RM1.22 prior resistance level.
• The recent Signal-line crossover and “Golden Cross” state among key moving averages could suggest for a continuation of the current uptrend.
• Should buying interest be sustained, we expect a possible advancement towards resistance level (R1) of RM1.45.
• Meanwhile, downside supports can be seen at RM1.22 (S1) and RM1.12 (S2).

Source: Kenanga Research - 6 Jun 2018