MYEG (Not Rated)

• MYEG dropped 2.0 sen (-1.45%) to close at RM1.36 yesterday.
• Chart-wise, its share price has broken below the neckline support of a “Double-Top” chart pattern yesterday, signaling the completion of the chart pattern and possible trend reversal.
• Besides, the share price has also broken below the key SMAs further confirm the bearish sentiment. We believe the share could drop further.
• Should the downside momentum continue, the support level can be found at RM1.160 (S1) and RM0.960 (S2).
• Conversely, resistance level can be found at RM1.700 (R1) and RM1.800 (R2).

GENM (Not Rated)

• GENM gained 8.0 sen (+2.63%) to end at RM3.12 yesterday.
• Chart-wise, the share has taken a nose dive in late-July.
• Yesterday candlestick closed with a bullish candlestick coupled with the potential bullish MACD-Cross over and uptick in RSI, we believe the share has bottomed out and could trend higher.
• Should buying momentum persist, overhead resistance can be seen at RM3.30 (R1) and RM3.50 (R2).
• Conversely, key support levels can be seen at RM2.90 (S1) and RM2.75 (S2).

Source: Kenanga Research - 30 Aug 2019