JOHOTIN (Not Rated)

• JOHOTIN gained 10.0sen (+6.37%) to close at RM1.67 yesterday Backed by above-average trading volume.
• Chart-wise the share has been on an uptrend since mid-October.
• Yesterday’s candlestick closed higher with the formation of a bullish engulfing candlestick. Coupled with an uptick in RSI and a bullish MACD crossover we expect the stock to continue its upward momentum.
• From here on, resistance levels can be seen at RM1.75 (R1) and RM1.90 (R2)
• Conversely, key support levels are found at RM1.60 (S1) and RM1.45 (S2).

REVENUE (Not Rated)

• REVENUE gained 7.00sen (+4.00%) to end at RM1.82 yesterday.
• Chart-wise, the share has been on an uptrend since early-June.
• Yesterday’s bullish candlestick continued to close higher above all key-SMAs. Given that all SMAs appear to be healthy, coupled with an uptick in RSI, we thus expect the share to trend higher.
• Should buying momentum persist, key resistance can be found at RM1.95 (R1) and RM2.05 (R2).
• Conversely, downside supports can be identified at RM1.75 (S1) and RM1.60 (S2).

Source: Kenanga Research - 3 Dec 2019