JTIASA (Not Rated)

• JTIASA gained 3.0 sen (+4.88%) to close at RM0.645.
• Overall technical outlook is positive as the share appears to have broken out from the downtrend that lasted for close to two years.
• Notably, it is now trading above all key SMAs while the MACD line had also just cross over the Signal line.
• Expect the share to test its next resistance at RM0.700 (R1) and possibly RM0.770 (R2).
• Conversely, downside supports can be found at RM0.600 (S1) and RM0.430 (S2).

TONGHER (Not Rated)

• Yesterday, TONGHER gained 12.0 sen (+2.93%) to close at RM4.22 on the back of stronger-than-average trading volume.
• The share has rallied over the past few days, closing above all key SMAs currently in “Golden Crossover” state.
• Technical outlook appears leaning on the upside at this juncture underpinned by encouraging momentum indicators as evidenced by the bullish MACD crossover and upwards trending seen in RSI and Stochastic.
• From here, a decisive takedown of RM4.30 (R1) will see next advancement towards RM4.65 (R2).
• Conversely, downside supports can be found at RM4.00 psychological support level (S1) and RM3.90 (S2) further down.

Source: Kenanga Research - 19 Feb 2019