GADANG (Not Rated)

• GADANG rose 2.0 sen (+2.31%) to end at RM0.885 yesterday.
• Chart-wise, we note that the share has been displaying a healthy uptrend after bottoming out in Dec’18, with the share currently finding comfort in its 20-day SMA while trading above all of its key SMAs.
• Coupled with key momentum indicators, which are trending at some distance away from their overbought levels, we believe that there may be more room for upside.
• Expect the share to test resistance levels at RM0.930 (R1) and RM1.030 (R2). Conversely, downside supports can be identified at RM0.815 (S1) and RM0.760 (S2).
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KHEESAN (Not Rated)

• Yesterday, KHEESAN gained 5.0 sen (+16.13%) to close at RM0.360.
• We observed that yesterday’s long white candlestick was supported by stronger-than-average trading volume. That said, we believe that the share may be staging a rebound from its sell down that began in March’19.
• Coupled with a bullish MACD crossover, we believe the bullish momentum may persist.
• Expect the share to trend higher towards resistance levels at RM0.435 (R1) and RM0.675 (R2).
• Conversely, support levels can be identified at RM0.280 (S1) and RM0.160 (S2).

Source: Kenanga Research - 26 Jun 2019