DBHD (Not Rated)

• DBHD gained 7.0 sen (+16.47%) yesterday to close at RM0.495 on higher-than-average trading volume.
• Chart-wise, the share has been on a bullish run, gaining 120% YTD and is trading above all key SMAs.
• However, we are cautious and do not discount a possibility of a retracement as the stochastic indicator is in the overbought zone.
• Expect the share to fall back to its support at RM0.380 (S1) and possibly RM0.31 (S2).
• Should the bullish run continue, resistances can be found at RM0.580 (R1) and RM0.660 (R2).

PRESBHD (Not Rated)

• PRESBHD increased by 10.0 sen (+22.73%) to close at RM0.540 yesterday.
• The share has been trading downwards since early-November, however, buying interest recently resumed with the formation of a “Golden Cross” in late-February.
• Technical outlook seems bullish, as yesterday share gapped up on the back of above-average trading volume at 222.1m.
• Coupled with an uptick in key technical indicator, we believe the share could trend higher at RM0.600 (R1) and RM0.800 (R2).
• Conversely, downside-bias can be seen at RM0.465 (S1) and RM0.260 (S2).

Source: Kenanga Research - 8 Mar 2019