COMFORT (Not Rated)

• COMFORT gained 4.0sen (+5.26%) to close at RM0.800 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday, coupled with higher-than-average trading volume.
• Besides, the formation of a bullish crossover from MACD indicator further supports the trend reversal, hence we believe the stock could move higher going forward.
• Should the stock continue to head north, its key resistance levels are seen at RM0.840 (R1) and RM0.880 (R2).
• Conversely, key support levels can be seen at RM0.750 (S1) and RM0.700 (S2).

WASEONG (Not Rated)

• WASEONG gained 7.0sen (+6.19%) to end at RM1.20 yesterday.
• Chart-wise, the stock has broken above the 20-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 RM1.47 (R1) and RM1.58 (R2).
• Conversely, downside supports can be identified at RM1.03 (S1) and RM0.950 (S2).

Source: Kenanga Research - 19 Dec 2019