TSH (Not Rated)

• TSH rose 1.0 sen (+0.87%) to close at RM1.14 yesterday.
• The share has been on a downtrend since mid-August until late December 2018. However, the recovery in CPO price has caused the share to rally and trend above key SMAs.
• We believe the share may trend higher as key technical indicators are positively bias while the recent uptrend of CPO prices is likely to continue boosting the sentiment for the stock.
• From here, we expect TSH to advance to find overhead resistance at RM1.20 (R1) and RM1.25 (R2).
• Conversely, immediate support can be found at RM1.08 (S1) and RM1.04 (S2).

DAYANG (Not Rated)

• Yesterday, DAYANG gained 3.0 sen (+4.05%) to close at RM0.770.
• Chart-wise, the share started February with a sharp rally which was backed by higher-than-average trading volume, leading it to break above its 100-day SMA.
• We note that key momentum indicators are showing positive upticks in tandem with the ‘Golden Cross’ of key SMAs that occurred three days ago, which may signal further upside potential.
• Should positive buying momentum persist, look towards RM0.835 (R1) and RM0.895 (R2).
• Conversely, support levels can be found at RM0.680 (S1) and RM0.575 (S2).

Source: Kenanga Research - 14 Feb 2019