GHLSYS (Not Rated)

• GHLSYS gained 8.0 sen (+5.37%) to close at RM1.57 yesterday.
• Chart-wise, the stock has broken above all key SMAs since two days ago, backed by higher-than-expected trading volume.
• Yesterday, the stock continued to close higher with a long bullish candlestick, thus further confirming the change in trend.
• From here on, overhead resistance can be seen at RM1.70 (R1) and RM1.80 (R2).
• Conversely, downside supports can be identified at RM1.35 (S1) and RM1.25 (S2).

DSONIC (Not Rated)

• DSONIC dropped 2.0 sen (-1.33%) to close at RM1.48 yesterday.
• Chart-wise, the stock has been moving upwards since last December.
• Yesterday, the stock continued to trend above all its key SMAs. Coupled with a bullish MACD indicator, we believe that the stock could move higher.
• Should buying momentum persist, the stock is expected to test overhead resistance at RM1.65 (R1) and RM1.75 (R2).
• Conversely, support levels can be identified at RM1.35 (S1) and RM1.25 (S2).

Source: Kenanga Research - 9 Jan 2020