SCICOM (Not Rated)

• Yesterday, SCICOM rose 5.5 sen (+5.80%) to close at RM1.01.
• Chart-wise, the share has been trending upwards since bouncing off its 100-day SMA. Yesterday’s candlestick formed a long bullish candlestick on exceptional volume, and we believe the share could head higher.
• Key SMAs have recently started to trend upwards with all shorter-term SMAs above longer-term SMAs which could be a signal of a change in trend.
• We look towards resistance levels at RM1.06 (R1) and RM1.15 (R2). Conversely, support levels can be identified at RM0.950 (S1) and RM0.905 (S2).

BJFOOD (Not Rated)

• BJFOOD gained 4.0 sen (+2.70%) to end at RM1.52 yesterday.
• Chart-wise the share trended above all key SMAs since mid-October.
• Yesterday candlestick gapped up and punched through the 50-Day SMA, which signified strong buying interest. Given the uptick in RSI and the bullish MACD crossover, we believe the share could rally further.
• Should the share head north, key resistance levels can be seen at RM1.62 (R1) and RM1.78 (R2)
• Conversely, downside supports can be identified at RM1.40 (S1) and RM1.28 (S2)

Source: Kenanga Research - 25 Oct 2019