KESM (Not Rated)

• KESM gained 7.0sen (+0.78%) to close at RM9.05 yesterday.
• Chart-wise, the stock has been trading above all the key SMAs and also within the rising channel since Oct-2019.
• Coupled with the bullish MACD indicator, we expect the stock to move higher riding on the positive momentum.
• Should the stock continue to head north, key resistance levels are seen at RM9.50 (R1) and RM10.50 (R2).
• Conversely, key support levels can be seen at RM8.00 (S1) and RM7.50 (S2).

IJM (Not Rated)

• IJM gained 7.0sen (+3.26%) to end at RM2.22 yesterday.
• Chart-wise, the stock has broken above the 100-day SMA yesterday on the back of higher-than-average trading volume.
• Besides, a bullish signal from its MACD indicator further supports the uptrend.
• From here on, its key resistance levels can be found at RM2.60 (R1) and RM2.70 (R2).
• Conversely, downside supports can be identified at RM2.00 (S1) and RM1.90 (S2)

Source: Kenanga Research - 18 Dec 2019