KPOWER (Not Rated)

• KPOWER gained 9.0 sen (+4.97%) to close at RM1.90 yesterday.
• Chart-wise, the stock has broken above the historical high at RM1.88 yesterday, 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 RM2.08 (R1) and RM2.22 (R2).
• Conversely, key support levels can be seen at RM1.67 (S1) and RM1.54 (S2).

SEALINK (Not Rated)

• SEALINK gained 3.5 sen (+5.34%) to end at RM0.690 yesterday.
• Chart-wise, the stock has breakout from “Flag” pattern yesterday, supported by heavier-than-average trading volume.
• Coupled with bullish signal from MACD, we believe the stock can move higher.
• From here on, its key resistance levels can be found at RM0.760 (R1) and RM0.800 (R2).
• Conversely, downside supports can be identified at RM0.640 (S1) and RM0.600 (S2).

Source: Kenanga Research - 31 Jan 2020