PIE (Not Rated)

• PIE climbed 6.0 sen (+4.32%) to end at RM1.45 last night, backed by strong trading volume.
• More notably, yesterday’s candlestick saw the share closed above both its 20 and 100-day SMAs.
• Momentum indicators are also showing meaningful upticks, possibly indicating that the share is bottoming-out from its shortterm downtrend.
• A possible short-term rally towards RM1.53 (R1) may be seen while a break above R1 will suggest a further test of the next resistance level at RM1.70 (R2).
• Conversely, downside supports can be identified at RM1.35 (S1) and RM1.20 (S2)

WCT (Not Rated)

• WCT gained 7.0 sen (+8.14%) to close at RM0.930 following an announcement that the company had accepted a letter of award.
• Chart-wise, the share had been moving downwards since mid of July 2018, as shown by the string of black-bodied candlesticks formed.
• However, yesterday’s move saw the share broke above key SMAs as it gapped up upon its opening bell, possibly indicating a change in sentiment towards the stock.
• Expect continuous buying momentum from here that may see it rally towards RM 1.00 (R1) and possibly RM1.20 (R2).
• Conversely, retracement towards RM0.800 (S1) and RM0.700 (S2) would serve as a good entry point for interested

Source: Kenanga Research - 19 Sept 2018