PIE (Not Rated)

• PIE rose 13.0 sen (+10.16%) to close at RM1.41 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday, backed by higher-than-average trading volume.
• Coupled with bullish crossover signal from MACD indicator, we believe the stock could move higher.
• Should the buying momentum persist, key resistance levels are seen at RM1.65 (R1) and RM1.75 (R2).
• Conversely, key support levels can be seen at RM1.10 (S1) and RM1.00 (S2).

FOCUSP (Not Rated)

• FOCUSP was up by 2.5 sen (+4.81%) to finish at RM0.545 yesterday.
• Chart-wise, the stock has rebounded upon touching the 50-days SMAs, coupled with higher-than-average trading volume.
• Yesterday, the stock has broken above all the key SMAs with a long bullish candlestick, hence we believe the stock price could move higher.
• From here on, resistance can be identified at RM0.570 (R1) and RM0.625 (R2).
• Conversely, its support levels can be identified at RM0.475 (S1) and RM0.450 (S2).

Source: Kenanga Research - 12 Feb 2020