MHB (Not Rated)

• Yesterday, MHB rose 2.0 sen (+2.82%) to close at RM0.730.
• For the past few days, we note that four consecutive white candlesticks were formed, which prompted the share to close above all key SMAs.
• Notably, key momentum indicators continue to show positive upticks underpinned by a bullish MACD crossover, which may suggest further upside possibilities.
• Should positive momentum persist, next resistance level can be seen at RM0.805 (R1) and RM0.855 (R2).
• Conversely, downside supports can be found at RM0.620 (S1) and RM0.565 (S2).

SUPERMX (Not Rated)

• SUPERMX gained 6.0 sen (3.7%) to close at RM1.69.
• Yesterday’s bullish candlestick cross above the 1.68 prior resistance level and stand above the 50-day and 100-day SMAs, suggested a potential bullish move ahead.
• Moreover, positive momentum also indicated by meaningful upticks under the RSI and Stochastic indicators with MACD continuing its strong movement.
• We look towards RM2.00 (R1) psychological resistance level and RM2.30 (R2) as the next resistance.
• Conversely, immediate support can be identified at support levels RM1.60 (S1), and further down at RM1.40 (S2).

Source: Kenanga Research - 20 Feb 2019