HANDAL (Not Rated)

• Yesterday, HANDAL gained 2.0 sen (4.9%), closing at RM0.425 on stronger-than-average trading volume.
• The share had been rallying since the mid-April, breaking above the RM0.375 resistance level over last weeks. We believe price movements over the past few days further reiterates that the underlying uptrend still remains intact, with the share leading key SMAs fanning upwards.
• Overall, the MACD bullish crossover, increasing trading volumes amidst an uptrend, coupled with the aforementioned positive SMAs underpins the technical picture.
• From here, follow through buying may bring the share to meet resistances at RM0.440 (R1) and RM0.480 (R2). However, failure to do so, the share may retreat back to immediate support level RM0.415 (S1) with RM0.375 (S2) further down.

VIS (Not Rated)

• VIS climbed 3.0 sen (6.3%) yesterday to close at RM0.505.
• Chart-wise, VIS was on a sharp downtrend since Sep-2017, reaching a price as low as RM0.290 in early Apr-2018. However, thereafter, the stock has seemingly bottomed out, with subsequent formation of higher highs and higher lows. Notably, recent series of white candlesticks displayed a decisive consolidation breakout that may be a signal of reversal.
• Likewise, this is further supported by key momentum indicators currently in positive states.
• From here, keen investor may time their entry at the level near support of RM0.450 (S1) and RM0.400 (S2).
• Should the rebound continue, look out for resistances of RM0.560 (R1) and RM0.640 (R2) further up.

Source: Kenanga Research - 21 Jun 2018