JHM (Not Rated)

• JHM gained 6.0sen (+4.0%) to close at RM1.56 yesterday.
• Chart-wise the stock has been trading above all the key SMAs since Dec 2019, breaking above the “Flag” continuation chart pattern yesterday.
• Besides, a bullish signal from its MACD indicator further supports the positive sentiment.
• Should the stock continue to head north, key resistance levels are seen at RM1.66 (R1) and RM1.70 (R2).
• Conversely, key support levels can be seen at RM1.40 (S1) and RM1.36 (S2).

RSAWIT (Not Rated)

• RSAWIT gained 6.5sen (+22.81%) to end at RM0.350 yesterday.
• Chart-wise, the stock has been trading above all the key SMAs since Nov 2019. Yesterday, it has formed a long bullish candlestick on the back of higher-than-average trading volume.
• Besides, a bullish signal from its MACD indicator further supports the uptrend.
• From here on, key resistance levels can be found at RM0.440 (R1) and RM0.460 (R2).
• Conversely, downside supports can be identified at RM0.260 (S1) and RM0.230 (S2).

Source: Kenanga Research - 17 Dec 2019