HUMEIND (Not Rated)

• HUMEIND rose 11.0 sen (+7.19%) to close at RM1.64 yesterday.
• Chart-wise, the stock formed a long bullish candlestick and continued to close higher 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 RM1.78 (R1) and RM1.87 (R2).
• Conversely, key support levels can be seen at RM1.50 (S1) and RM1.40 (S2).

TECFAST (Not Rated)

• TECFAST was up by 3.5 sen (+6.93%) to finish at RM0.540 yesterday.
• Chart-wise, the stock has broken above all the key SMAs yesterday, supported by higher-than-average trading volume.
• Coupled with bullish crossover signal from MACD indicator, we believe the stock could move higher.
• From here on, resistance can be identified at RM0.570 (R1) and RM0.610 (R2).
• Conversely, its support levels can be identified at RM0.480 (S1) and RM0.460 (S2).

Source: Kenanga Research - 13 Feb 2020