GHLSYS (Not Rated)

• Yesterday, GHLSYS gained 3.0 sen (2.0%), closing at RM1.56 on stronger-than-average trading volume.
• Trend has been positive with subsequent formation of higher highs and higher lows after the share bottomed-out in early-Apr.
• Technical indicators are seemingly supportive for a bullish outlook, backed by continuous upwards movements in the MACD while key SMAs currently in “Golden Cross” state.
• Follow-through buying could see the share continue trending towards resistances at RM1.62 (R1) and RM1.80 (R2).
• Conversely, support levels can be found at RM1.50 (S1) and RM1.42 (S2).

CCK (Not Rated)

• CCK gained 2.0 sen (2.17%) to end at RM0.940, on above-average volume.
• Yesterday’s intraday movement displayed CCK’s ability to the run against the broader weak market sentiment, which may be deemed to be a signal of strength.
• Technical outlook remains mildly positive with the stock leading key SMAs higher, while indicators are still decent albeit with some pullback of late.
• Support levels are identified at RM0.890 (S1) and RM0.810 (S2), where keen investors may time their entry.
• Conversely, foresee resistances at RM1.03 (R1) and RM1.16 (R2).

Source: Kenanga Research - 22 Jun 2018