KNM (Not Rated)

• KNM gained 3.0 sen (+8.45%) to close at RM0.385 yesterday.
• Chart-wise, KNM has been on a rally since end-June 2019 and has since been consolidating around its 20-day SMA.
• Yesterday’s long bullish candlestick signified emerging buying interest, which we believe could lead to a continuation rally. RSI and stochastic indicators are displaying encouraging upticks while, the share has also broken above its 20-day SMA.
• Look out for key resistances at are RM0.440 (R1) and RM0.500 (R2). Conversely, support levels can be identified at RM0.345 (S1) and RM0.315 (S2).

SCIENTX (Not Rated)

• SCIENTX gained 6.0 sen (+0.72%) to end at RM8.35 yesterday.
• Chart-wise, the share has been declining since the formation of a double-top.
• Yesterday candlestick gapped up and tested its 20-Day SMA, indicating that buying momentum has resurfaced. Coupled with a bullish-MACD crossover and an uptick in RSI, we believe more upside potential can be seen.
• Should buying momentum persist, overhead resistance can be seen at RM8.80 (R1) and RM9.40 (R2).
• Conversely, key support levels can be seen at RM8.00 (S1) and RM7.50 (S2).

Source: Kenanga Research - 28 Aug 2019