MISC (Not Rated)

• MISC gained 11.0 sen (+1.64%) to close at RM6.81.
• The stock has been trending upwards since mid-May to break above all its key SMA.
• Coupled with the formation of a “Marubozu” candlestick and above-average trading volume, we believe the stock could trend higher.
• Should buying momentum persist, overhead resistance can be seen at RM7.00 (R1) and RM7.22 (R2)
• Meanwhile, key support level can be found at RM6.60 (S1) and RM6.50 (S2).

DIGI (Not Rated)

• DIGI increased by 9.0sen (+1.91%) to end at RM4.81.
• Chart-wise the stock appears to be staging a rebound with the formation of a “Golden Cross”.
• With an uptick in key technical indicators and bullish MACD crossover, this led us to believe that buying momentum could persist.
• From here, we expect the share to test its resistance at RM4.90 (R1) and RM5.00 (R2).
• Conversely, downside support can be seen at RM4.50 (S1) and RM4.40 (S2).

Source: Kenanga Research - 30 May 2019