NOTION (Not Rated)

• Yesterday, NOTION gained 8.5 sen (+12.88%) to close at RM0.745.
• Technical-wise, the share has been on a rally after it broke out of a descending wedge since mid-July. Yesterday’s candlestick broke above its previous swing high of RM0.700 accompanied by exceptional trading volume, which could indicate a continuation of the rally.
• Key momentum indicators continue to show positive signals and key SMAs are in a “Golden Cross” state which further suggests a continuation of NOTION’s rally.
• From here, expect NOTION to retest its resistance of RM0.800 (R1) and further to RM0.930 (R2) should the first resistance level be taken out.
• Conversely, downside bias should see support at RM0.695 (S1) and RM0.650 (S2).

VIS (Not Rated)

• VIS gained 3.5 sen (+5.26%) yesterday to close at RM0.700.
• From charting perspective, the share had bottomed-out in early April, and has since been trending upwards.
• Gradual shifts in sentiments are reflected on increased trading volume for the past months, with the share leading key SMAs upwards, which currently are in a “Golden Crossover” state.
• The share is in the midst of retesting the RM0.705 (R1) resistance. Should this level be taken out, further gains would then be expected towards RM0.820 (R2).
• Downside support levels are likely to be present at RM0.638 (S1) and RM0.600 (S2) further down.

Source: Kenanga Research - 15 Aug 2018