FOCUS (Not Rated)

• FOCUS gained 6.5 sen (+12.15%) to close at RM0.600 yesterday.
• Chart-wise the stock has broken above the rising channel with a long bullish candlestick showing a very strong buying momentum.
• Coupled with bullish signal from MACD indicator, we believe the stock can move higher.
• Should the share continue heading north, key resistance levels are seen at RM0.660 (R1) and RM0.700 (R2).
• Conversely, key support levels can be seen at RM0.500 (S1) and RM0.460 (S2).

MBL (Not Rated)

• MBL gained 2.0sen (+1.38%) to end at RM1.47 yesterday.
• Chart-wise, the stock continued to close higher following the breakout of key resistance level at RM1.40.
• Besides, the bullish crossover signal from MACD indicator further support the underlying trend.
• From here on key resistance can be found at RM1.54 (R1) and RM1.60 (R2).
• Conversely, downside supports can be identified at RM1.35 (S1) and RM1.30 (S2).

Source: Kenanga Research - 15 Jan 2020