TM (Not Rated)

• TM lost 3.0 sen (-0.74%) to close at RM4.02 yesterday.
• Chart-wise, the share has been gradually trending upwards since last year November.
• Yesterday, the stock closed marginally lower. However, we note that all key-SMAs continue to appear healthy and thus expect the bullish momentum to persist.
• From here on, overhead resistance can be seen at RM4.20 (R1) and RM4.70 (R2).
• Conversely, downside supports can be identified at RM3.60 (S1) and RM3.30 (S2).

GREATEC (Not Rated)

• GREACTEC gained 4.0 sen (+1.57%) to close at RM2.59 yesterday.
• Chart-wise, the stock has been on an uptrend since las year July.
• Yesterday’s candlestick continued to close higher and trend above all key-SMAs. Given the bullish MACD Crossover and uptick in RSI, we expect the share to trend higher.
• Should the share head north, overhead resistance are at RM2.85 (R1) and RM3.00 (R2).
• Conversely, support levels can be identified at RM2.30 (S1) and RM2.00 (S2).

Source: Kenanga Research - 22 Jan 2020