NOTION (Not Rated)

• NOTION gained 8.0 sen (+7.62%) to close at RM1.13 yesterday.
• Chart-wise, the share has been on an uptrend since October last year.
• Yesterday, the stock continued to close higher above all key-SMAs backed by above-average trading volume. Given an uptick in RSI and bullish MACD crossover, we expect the stock to trend higher.
• From here on, overhead resistance can be seen at RM1.20 (R1) and RM1.25 (R2).
• Conversely, downside supports can be identified at RM1.10 (S1) and RM0.930 (S2).

PADINI (Not Rated)

• PADINI gained 11.0 sen (+3.22%) to close at RM3.53 yesterday.
• Chart-wise, the stock has experienced a trend reversal since the formation of a double bottom last year.
• Yesterday’s candlestick marked the third bullish candlestick, indicating strong buying interest. Given an uptick in key technical indicator, we expect the share to trend higher.
• Should buying momentum persist, the stock is expected to test overhead resistance at RM4.00 (R1) and RM4.50 (R2).
• Conversely, support levels can be identified at RM3.30 (S1) and RM3.00 (S2).

Source: Kenanga Research - 21 Jan 2020