BJTOTO (Not Rated)

• Yesterday, BJTOTO gained 2.0 sen (+0.72%) to close at RM2.80.
• Chart-wise, the share has been on a steady uptrend since the beginning of the year. We note that the share is also currently trading above all of its key SMAs.
• Given its key momentum indicators, which are still trading within the neutral zone, we believe that there could be room for further upside.
• Should bullish momentum persist, resistance levels can be identified at RM2.95 (R1) and RM3.15 (R2).
• Conversely, downside supports can be found at RM2.60 (S1) and RM2.40 (S2).

REVENUE (Not Rated)

• REVENUE rose 6.0 sen (+3.75%) to end at RM1.66 yesterday, on the back of stronger-than-average trading volume.
• Of late, we noticed the share managed to break through and hold above its key resistance level at RM1.55, following the formation of a long white candlestick a few days ago.
• Coupled with upticks from key technical indicators, we believe that the share may continue trending upwards.
• Expect the share to test resistance levels at RM1.75 (R1) and RM1.95 (R2).
• Conversely, key support level can be identified at RM1.40 (S1) and RM1.30 (S2).

Source: Kenanga Research - 11 Jul 2019