LCTITAN (Not Rated)

• LCTITAN gained 18.0 sen (+3.89%) to end at RM4.81 on Monday.
• The share had been hovering around the RM4.20 support level for a month before seeing strong buying interest that saw the share increase by 12.4% from a week ago.
• Overall technical outlook is positive with the share having just broken above the 50-day SMA while other momentum indicators are displaying bullishness.
• From here, should there be a follow-through in buying momentum, we may see the share testing its resistances at RM5.00 (R1) and RM 5.30 (R2).
• Conversely, downside bias should see supports at RM4.70 (S1) and RM4.20 (S2).

GCB (Not Rated)

• On previous Monday, GCB gained 19.0 sen (+6.64%) to close at RM3.05 on the back of stronger-than-average trading volume.
• Chart-wise, the share has been on an uptrend since April and the share has closed above the psychological resistance level of RM3.00.
• Momentum indicators appear supportive for a bullish move as indicated by the bullish MACD, RSI and Stochastic.
• Should buying momentum be sustained, we look towards RM3.25 (R1) and RM3.45 (R2).
• Conversely immediate support level can be seen at RM2.80 (S1) and further down towards RM2.52 (S2).

Source: Kenanga Research - 21 Nov 2018