JAKS (Not Rated)

• JAKS gained 4.0sen (+3.31%) to close at RM1.25.
• Chart-wise the share has been on an uptrend since early-October.
• Yesterday’s bullish candlestick found support near its 20-Day SMA. Coupled with an uptick in RSI while its MACD appears to be staging a bullish MACD crossover, we thus expect the share to trend higher.
• Should the share head north, key resistance can be found at RM1.35 (R1) and RM1.45 (R2)
• Conversely, key support levels are found at RM1.15 (S1) and RM1.00 (S2)

FRONTKN (Not Rated)

• FRONTKN gained 11.0sen (+5.56%) to end at RM2.09 yesterday.
• Chart-wise, the share has been on an uptrend since mid-December last year.
• Yesterday’s candlestick closed higher with the formation of a “Marubozu” candlestick, signifying strong buying interest. Given an uptick in all key technical indicators, we expect more upside to be seen.
• Should buying momentum persist, key resistance can be found at RM2.15 (R1) and RM2.30 (R2).
• Conversely, downside supports can be identified at RM1.95 (S1) and RM1.70 (S2).

Source: Kenanga Research - 4 Dec 2019