YNHPROP (Not Rated)

• Yesterday, YNHPROP gained 12.0 sen (+7.06%) to close at RM1.82.
• After a period of consolidation, the share begun its rally in April 2019. Notably, yesterday’s move saw the formation of a long bullish candlestick accompanied by above-average trading volume, signifying continued buying interest.
• Key SMAs indicate that the overall uptrend still remains intact, which led us to believe that there could be further room for upside.
• Should the buying momentum persist, expect to see the share move to its resistance levels of RM1.97 (R1) and RM2.19 (R2).
• Conversely, support levels can be identified at RM1.62 (S1) and RM1.51 (S2).

ANNJOO (Not Rated)

• ANNJOO slid 7.0 sen (-4.46%) to close RM1.50 yesterday.
• Chart-wise, the share seems to be undergoing a period of retracement since April 2019, which saw it trading below most of its Key SMAs. Furthermore, yesterday’s close saw the share close below its 100-day SMA, which may be suggesting further downwards selling pressure.
• Expect the share to find supports at RM1.28 (S1) and RM1.16 (S2).
• Conversely, resistance levels are identified at RM1.59 (R1) and RM1.74 (R2).

Source: Kenanga Research - 14 May 2019