GADANG (Not Rated)

• GADANG gained 3.0 sen (+3.47%) to close at RM0.895 yesterday.
• Chart-wise, we observed that the share’s overall uptrend remains intact as its previous key resistance line has turned into its existing uptrend support line.
• Coupled with encouraging key technical indicators, we believe that there may be further upside possibility.
• Should buying momentum persist, resistances can be seen at RM0.930 (R1) and RM1.030 (R2)
• On the other hand, key support levels can be found at RM0.815 (S1) and RM0.760 (S2).

DRBHCOM (Not Rated)

• Yesterday, DRBHCOM rose 5.0 sen (+2.39%) to end at RM2.14.
• We observed that the share has been on a rally since May, which saw it trading above all of its key SMAs.
• Coupled with inspiring trading volumes, which were above average, the share may continue to ride on the buying momentum.
• Expect the share to test its higher resistances at RM2.25 (R1) and RM2.40 (R2).
• Conversely, downside supports can be seen at RM2.00 (S1) and RM1.90 (S2).

Source: Kenanga Research - 11 Jun 2019