TAKAFUL (Not Rated)

• TAKAFUL gained 4.0 sen (+0.66%) to close at RM6.10 yesterday.
• The share has recently broken its uptrend and has found new support at its 100-Day SMA.
• Given that RSI and Stochastic are at oversold levels, coupled with its MACD line, which is potentially staging a bullish-MACD crossover, we believe more upside potential can be seen.
• Should the share respect its 100-Day SMA and head north, key resistance levels can be seen at RM6.50 (R1) and RM6.70 (R2).
• Conversely, downside support can be identified at RM5.80 (S1) and RM5.50 (S2).

WPRTS (Not Rated)

• WPRTS gained 1.0 sen (+0.25%) to end at RM4.04 yesterday.
• Chart-wise, the share has been steadily trending upwards since mid-May 2019.
• Looking from a longer time horizon, we noted the formation of a saucer pattern. The chart has also been displaying healthy key-SMA in the near term. With that, we believe the share could trend higher.
• Should the buying momentum persist, resistance level can be found at RM4.15 (R1) and RM4.35 (R2).
• Conversely, support levels can be identified at RM3.80 (S1) and RM3.60 (S2).

Source: Kenanga Research - 9 Aug 2019