LAFMSIA (Not Rated)

• LAFMSIA climbed 27.0 sen (+11.84%) to end at RM2.55.
• Chart-wise, the share had been trending below RM2.00 until early March 2019, where there was a sudden spike in share price. While the bullish movement tapered down slightly thereafter, it appears to be resuming its upward movement again.
• Momentum indicators are bullish. Coupled with high trading volume yesterday, we believe the share may continue to rally.
• Expect it to test its immediate resistance at RM3.00 (R1) where a break above R1 will see it head towards RM3.50 (R2).
• Conversely, downside supports are found at RM2.20 (S1) and RM1.80 (S2).

LONBISC (Not Rated)

• Yesterday, LONBISC gained 0.5 sen (1.25%) to close at RM0.405.
• The share has been trending upward steadily since late-April last year. However strong selling pressure took over in earlyFebruary and brought the share to drop below all key SMAs.
• Despite the shares recent rebound, we believe this could be temporary as indicated by a bearish MACD and lower-thanaverage trading volume.
• We expect the share to continue trending downward and test its key support level at RM0.400 (S1) and RM0.370 (S2).
• Conversely, key resistance levels can be found at RM0.450 (R1) and RM0.500 (R2).

Source: Kenanga Research - 28 Mar 2019