KGB (Not Rated)

• KGB rose 6.0 sen (+5.17%) to close at RM1.22.
• Technically, the share has been on a rally after rebounding and breaking above its 100-day in mid-December. Coupled with upticks in key momentum indicators and above-average trading volume at 5.4m, we believe the overall technical outlook may continue to be positive.
• Should the buying momentum persist, we look towards RM1.25 (R1) and RM1.30 (R2).
• Conversely, support levels can be identified at RM1.16 (S1) and RM1.06 (S2).

CCM (Not Rated)

• CCM gained 13.0 sen (+7.07%) to close at RM1.97 last night.
• Despite the gain, we are not convinced that the bullish run yesterday will continue as there is no technical indicator, which shows a prominent sign of a potential rally. Moreover, yesterday’s move was not backed by strong trading volume.
• Expect the share to retrace back to its support levels at RM1.75 (S1) and even RM1.55 (S2).
• Should there be positive news flow, the share may then test its resistances at RM2.00 (R1) and RM2.20 (R2).

Source: Kenanga Research - 12 Feb 2019