JAKS (Not Rated)

• JAKS rose 6.0 sen (+7.02%) to end at RM0.915.
• Chart-wise, we note that the share has been displaying bullish momentum lately, evidenced by previous days’ bullish white candlesticks which were backed by stronger-than-average trading volumes.
• Coupled with a bullish MACD crossover, we expect the share to trend higher to test the resistance level at RM1.10 (R1) and RM1.25 (R2)
• On the other hand, support levels can be found at RM0.660 (S1) and RM0.515 (S2).

BAHVEST (Not Rated)

• BAHVEST dropped 1.5 sen (-3.00%) yesterday to close at RM0.485.
• Chart-wise, the share has been on a downtrend since June’19, which saw the share currently trading below all of its key SMAs.
• Coupled with bearish MACD, we believe that there may be more room for downside.
• As such, support levels can be found at RM0.440 (S1) and RM0.390 (S2).
• Conversely, the resistance level can be identified at RM0.550 (R1) and RM0.635 (R2)

Source: Kenanga Research - 11 Oct 2019