D&O (Not Rated)

• D&O rose 3.0 sen (+3.68%) to close at RM0.845 yesterday.
• Chart-wise, the stock has been on an uptrend since last year September.
• Yesterday candlestick found support at its 20-Day SMA backed by above –average trading volume. Coupled with a potential bullish-MACD crossover, we thus expect the share to trend higher.
• Should the buying momentum persist, key resistance levels are seen at RM0.920 (R1) and RM1.00 (R2).
• Conversely, key support levels can be seen at RM0.735 (S1) and RM0.675(S2).

KPOWER (Not Rated)

• KPOWER was up by 11.0 sen (+5.91%) to finish at RM1.97 yesterday.
• Chart-wise, the stock has been trending upwards since last year December, backed by strong buying momentum.
• Yesterday candlestick continues to close higher with the formation of a “Marubozu” candlestick, signifying strong buying interest. Given that all key SMAs appear to be healthy, we believe the buying momentum would persist.
• From here on, resistance can be identified at RM2.10 (R1) and RM2.20 (R2).
• Conversely, its support levels can be identified at RM1.95 (S1) and RM1.65 (S2).

Source: Kenanga Research - 7 Feb 2020