TALIWRK (Not Rated)

• TALIWRK gained 11.0 sen (+8.87%) to close at RM1.35, as investors react to news that TALIWRK has accepted the settlement offer from Air Selangor
• Yesterday’s long candlestick was backed by high trading volume with the share looking test the RM1.40 resistance level.
• Chart-wise, momentum indicators had shown positive upticks with the share also trending above all key SMAs.
• Expect to test its immediate resistance at RM1.40 (R1) where a break above it will see next resistance at RM1.52 (R2).
• Conversely, downside support can be identified at RM1.25 (S1) and RM1.13 (S2).

PENTA (Not Rated)

• PENTA surged 20.0 sen (+6.19%) to close at its all-time high of RM3.42 yesterday.
• The share had bottomed to a low of RM1.70 in April 2018 and has since been trending upwards.
• Technical outlook appears bullish underpinned by positive momentum indicators as displayed by a bullish MACD crossover and positive signals from key SMAs.
• Expect the share to advance towards RM3.50 (R1), with a decisive breakthrough will see the share on a higher note towards RM3.70 (R2).
• Conversely, downside risks are identified at support levels of RM3.10 (S1) and RM3.00 (S2).

Source: Kenanga Research - 29 Aug 2018