SCGM (Not Rated)

• Yesterday, SCGM closed higher by 9.0sen at RM1.63 (+5.84%).
• Chart-wise, the stock’s trend has turned to a bullish stance since early-December last year.
• Yesterday candlestick formed a bullish engulfing candlestick as the stock found support at its 20-Day SMA. With an uptick in key technical indicator and above average trading volume, we believe the more upside can be seen.
• Should the share head north, overhead resistance can be found at RM1.70 (R1) and RM1.80 (R2).
• Conversely, key support levels are seen at RM1.40 (S1) and RM1.25 (S2)

JHM (Not Rated)

• JHM gained 3.0sen to close at RM1.70 (+1.80%) yesterday.
• The stock has been on an uptrend since late-August last year.
• Yesterday, the candlestick closed higher with the formation of a “Bullish pin-bar”. Given that all key SMAs appear to be healthy supported by above-average trading volume, expect buying momentum to persist.
• Should buying interest resume, resistance can be seen at RM1.75 (R1) and RM1.80 (R2).
• Conversely, key support levels are seen at RM1.65 (S1) and RM1.60 (S2)

Source: Kenanga Research - 3 Jan 2020