FRONTKN (Not Rated)

• FRONTKN dropped 1.0 sen (-0.62%) to close at RM1.60 yesterday.
• Chart-wise, the share has been trading within the rising channel with key SMAs sloping upward.
• Coupled with bullish MACD indicator, we believe the share could move higher.
• Should the buying momentum continue, the resistance levels can be found at RM1.75 (R1) and RMRM1.85 (R2).
• Conversely, support levels can be found at RM1.45 (S1) and RM1.30 (S2).

KAB (Not Rated)

• KAB gained 1.0 sen (+3.45%) to end at RM0.300 yesterday.
• Chart-wise, the share has completed a “Rounding Bottom” chart pattern after it managed to close at the neckline level at RM0.300 yesterday.
• Besides, coupled with bullish MACD indicator, we believe the share has more upside potential.
• Should buying momentum persist, overhead resistances can be seen at RM0.320 (R1) and RM0.330 (R2).
• Conversely, key support levels can be seen at RM0.280 (S1) and RM0.270 (S2).

Source: Kenanga Research - 5 Sept 2019