FPGROUP (Not Rated)

• FPGROUP gained 1.5sen (+2.42%) to close at RM0.635.
• Chart-wise, the share has been trading within the rising channel since September-2019.
• Besides, the share continues to trade above all key SMAs. Coupled with bullish MACD signal, we opine that the uptrend remains intact.
• Should the share head north, key resistance can be found at RM0.680 (R1) and RM0.710 (R2)
• Conversely, key support levels are found at RM0.520 (S1) and RM0.480 (S2).

RSAWIT (Not Rated)

• RSAWIT gained 1.0sen (+4.44%) to end at RM0.235 yesterday.
• Chart-wise, the share has crossed above all key SMAs since November-2019, backed by higher-than-average trading volume.
• Besides, bullish signal from MACD indicator further supports the bullish underlying trend, hence we believe that the share could move higher.
• Should buying momentum persist, key resistance can be found at RM0.280 (R1) and RM0.300 (R2).
• Conversely, downside supports can be identified at RM0.200 (S1) and RM0.170 (S2).

Source: Kenanga Research - 5 Dec 2019