OSK (Not Rated)

• OSK gained 3.0sen (+3.16%) to close at RM0.980 yesterday.
• Chart-wise, the stock has broken above the key SMAs yesterday and tested the previous high at RM0.980 with a long bullish candlestick.
• However, we would like to wait for more confirmation such as a breakout above the previous high to conclude a change in trend.
• Should the stock continue to head north, key resistance levels are seen at RM1.00 (R1) and RM1.05 (R2).
• Conversely, key support levels can be seen at RM0.930 (S1) and RM0.900 (S2).

YTLPOWR (Not Rated)

• YTLPOWR gained 2.0sen (+2.82%) to end at RM0.730 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday on heavy trading volume, hence signalling a change in trend.
• Besides, a bullish signal from its MACD indicator further supports the bullish sentiment.
• From here on, its key resistance levels can be found at RM0.780 (R1) and RM0.830 (R2).
• Conversely, downside supports can be identified at RM0.700 (S1) and RM0.670 (S2).

Source: Kenanga Research - 20 Dec 2019