MUDAJYA (Not Rated)

• MUDAJYA gained 5.0 sen (+11.36%) to close at RM0.490 yesterday.
• Chart-wise, the stock has breakout from the flag pattern, backed by higher-than-average trading volume.
• Coupled with a bullish crossover signal from MACD indicator, we believe the stock can move higher.
• Should the stock continue to head north, its key resistance levels are seen at RM0.540 (R1) and RM0.560 (R2).
• Conversely, key support levels can be seen at RM0.420 (S1) and RM0.400 (S2).

VS (Not Rated)

• VS gained 1.0sen (+0.7%) to end at RM1.43 yesterday.
• Chart-wise, the stock continued to move higher within the rising channel upon touched the 20 and 50-days SMAs line few days ago.
• Besides, the bullish signal from MACD indicator further supports the underlying trend.
• From here on, its key resistance levels can be found at RM1.50 (R1) and RM1.58 (R2).
• Conversely, downside supports can be identified at RM1.40 (S1) and RM1.35 (S2).

Source: Kenanga Research - 17 Jan 2020