D&O (Not Rated)

• D&O gain 1.0 sen (+1.64%) to close at RM0.620.
• Chart-wise, the share has been on a rather steady uptrend since last month, which saw it currently trading above all of its key-SMAs.
• Coupled with a bullish MACD crossover and stronger-than-average trading volumes, we believe that the bullish momentum may persist.
• Expect the share to trend higher to test the resistance level at RM0.675 (R1) and RM0.735 (R2)
• On the other hand, support levels can be found at RM0.530 (S1) and RM0.495 (S2).

GTRONIC (Not Rated)

• Yesterday, GTRONIC gained 3.0 sen (+1.44%) to close at RM2.11.
• Chart-wise, the share has recently broken above the previous peak and trading above all the key SMAs.
• Coupled with bullish MACD indicator, we believe the share could move higher.
• Should the buying interest persist, the key resistance levels to look out for are RM2.40 (R1) and RM2.60 (R2).
• Conversely, downside supports can be identified at RM1.90 (S1) and RM1.75 (S2).

Source: Kenanga Research - 8 Oct 2019