UZMA (Not Rated)

• UZMA gained 6.0 sen (+5.04%) to close at RM1.25 yesterday, on the back of stronger trading volumes with 1.7m shares exchanging hands - more than doubled its 20-day average.
• Chart-wise, UZMA has been on an uptrend since early-June with yesterday’s move seeing the share break above RM1.20 prior resistance level, while also closing firmly above key SMAs.
• Accompanied by positive displays from key indicators, we expect follow-through buying towards resistances at RM1.30 (R1) and RM1.40 (R2).
• Conversely, immediate supports can be identified at RM1.20 (S1) and RM1.10 (S2).

REACH (Not Rated)

• REACH rose 1.5 sen (+3.45%) to close at RM0.450, backed by explosive trading volume with 31.6m shares exchanging hand- more than doubled its 20-day average.
• Trend line is highly bullish since end-August with yesterday’s close marked the breakout of RM0.440 prior resistance level.
• Technical indicators appear in supportive for a bullish move with key SMAs in “Golden Crossover” as well as the MACD continuing its strong upward movement above signal-line.
• Key resistance to look out for is RM0.485 (R1) with the next resistance level identified at RM0.550 (R2).
• Immediate downside support can be found at the resistance-turned-support level RM0.440 (S1) and RM0.415 (S2) further down.

Source: Kenanga Research - 27 Sept 2018