KOMARK (Not Rated)

• KOMARK gained 2.5 sen (+7.25%) to close at RM0.370 yesterday.
• The share has been on a rally since breaking above its key SMAs in mid-July 2019. Yesterday’s long bullish candlestick on above-average trading volume signifies buying interest.
• With its 20 and 100-day SMA in a “Golden-Cross” and encouraging signals from key momentum indicators, we believe the share could be poised to retest its high of RM0.390 in May 2019.
• Key resistance levels to look at are RM0.390 (R1), where a break above should see the share head higher towards RM0.445 (R2). Meanwhile, support levels can be identified at RM0.335 (S1) and RM0.300 (S2).

BJLAND (Not Rated)

• BJLAND gained 1.5 sen (+6.67%) to end at RM0.240 yesterday.
• Chart-wise, the share has rebounded strongly and has broken above its 100-day SMA. Its 20 and 50-day SMA could potentially form a bullish crossover which would indicate a shift in momentum.
• Coupled with yesterday’s gap up candlestick, we believe the rally could yet be over for BJLAND.
• Look out for RM0.245 (R1), where a break above should see the share trend higher towards RM0.290 (R2).
• Conversely, support levels can be found at RM0.215 (S1) and RM0.190 (S2).

Source: Kenanga Research - 23 Aug 2019