PADINI (Not Rated)

• Yesterday, PADINI rose 34 sen (+9.69%) to close at RM3.85.
• Chart-wise, the share seems to be undergoing a bullish momentum as evidenced by the formation of three consecutive white candle sticks for the past few days.
• Notably, the share decisively closed above its 20-day and 50-day SMAs yesterday, likely posing for more upside possibilities.
• Expect the share to test resistance at RM4.25 (R1) and RM4.80 (R2).
• Conversely, downside risks are identified at RM3.50 (S1) and RM3.35 (S2).

ANNJOO (Not Rated)

• ANNJOO fell 6 sen (-4.05%) to close at RM1.42 yesterday.
• After trading lower for three consecutive days, the share finally close below its 20-day and 100-day SMAs yesterday, possibly signalling more downwards sentiment.
• Should selling momentum persist, it is expected that the share to only find supports at RM1.28 (S1) and RM1.16 (S2).
• Conversely, resistance levels can be identified at RM1.59 (R1) and RM1.74 (R2).

Source: Kenanga Research - 1 Mar 2019