VS (Not Rated)

• VS gained 3.0 sen (+2.65%) to close at RM1.16 yesterday.
• Chart-wise, the share is currently trading above all key SMAs. Its 20- and 50-day SMAs have also formed a “Golden-Cross” formation leading which could indicate a shift in momentum.
• Coupled with encouraging signals from key momentum indicators, we believe the stock could trend higher.
• Look out for immediate resistance at RM1.18 (R1), where a break above would see the stock head higher towards RM1.31 (R2).
• On the other hand, downside supports can be identified at RM1.05 (S1) and RM0.970 (S2).

OPCOM (Not Rated)

• Yesterday, OPCOM rose 1.5 sen (+3.09%) to end at RM0.500.
• The share has been on a downtrend since breaking below its 100-day SMA in early May-2019. The past two trading days have seen a technical rebound after a series of black candlesticks.
• We believe that the technical rebound could yet be over given that RSI has not crossed the middle mark
• Should buying momentum continue, resistance levels can be identified at RM0.525 (R1) and RM0.625 (R2).
• Conversely, support levels can be found at RM0.450 (S1) and RM0.365 (S2).

Source: Kenanga Research - 3 Jul 2019