FPGROUP (Not Rated)

• FPGROUP gained 1.5 sen (+4.23%) to close at RM0.370 yesterday.
• The stock has been consolidating close to its key SMAs and yesterday’s close formed a long bullish candlestick with above average trading volume, signifying buying interest.
• Coupled with meaningful upticks from key momentum indicators, we think that the share could trend higher.
• Key resistance levels to look at are RM0.385 (R1) and RM0.445 (R2). Conversely, support levels can be identified at RM0.345 (S1) and RM0.315 (S2).

DUFU (Not Rated)

• DUFU gained 13.0 sen (+6.44%) to end at RM2.15 yesterday.
• Chart-wise, the share has been trending upwards since it convincingly broke above its 100-day SMA in early July 2019. With yesterday’s close, two consecutive long bullish candlesticks have formed, which could signal the beginning of a rally.
• With RSI near overbought levels, we expect some form of consolidation before the share heads higher towards RM2.21 (R1). Should (R1) be taken out, we look towards RM2.29 (R2) next.
• Meanwhile, support levels can be found at RM1.97 (S1) and RM1.82 (S2).

Source: Kenanga Research - 21 Aug 2019