ALLIANZ (Not Rated)

• ALLIANZ lost 14.0 sen (-1.04%) to close at RM13.36 yesterday.
• The stock has declined since early-August 2019.
• Yesterday candlestick formed a second consecutive "bearish pin bar", signifying strong selling momentum. Coupled with the share trending below all key SMAs, we reckon that the overall trend is bearish.
• With that, key support levels can be seen at RM13.00 (S1) and RM12.50 (S2).
• Conversely, overhead resistance are at RM13.80 (R1) and 14.50 (R2).

SERBADK (Not Rated)

• SERBADK gained 1.0 sen (+0.24%) to end at RM4.15 yesterday.
• The share has been trending upwards since early-August 2019.
• Yesterday bullish candlestick continued to close higher above all key SMAs. Meanwhile, uptick in both its RSI and Stochastic gives us reason to believe more upside can be seen.
• Should the share head north, resistance can be seen at RM4.26 (R1) and RM4.32 (R2).
• Meanwhile key support level can be seen at RM3.92 (S1) and RM3.78 (S2).

Source: Kenanga Research - 16 Aug 2019