GENETEC (Not Rated)

• GENETEC rose 9.0 sen (+6.16%) to close at RM1.55 yesterday.
• Chart-wise, the stock has been on an uptrend since early January this year.
• Yesterday, the bullish candlestick continued to close higher above all key-SMAs, while backed by higher than average trading volume.As the stock continues to trend above the key SMAs, we believe the buying momentum would persist.
• Should the uptrend continue, key resistance levels are seen at RM1.65 (R1) and RM1.80 (R2).
• Conversely, key support levels can be seen at RM1.30 (S1) and RM1.00 (S2).

DAIBOCI (Not Rated)

• DAIBOCI surged by 15.0 sen (+6.33%) to close at RM2.52 yesterday, backed by above average trading volume.
• Chart-wise, the stock has been trending upwards after testing its 100-Day SMA in early January this year.
• Yesterday candlestick closed higher with the formation of a “Marubozu” candlestick, indicating strong buying momentum.
• From here on, resistance can be identified at RM2.75 (R1) and RM2.85 (R2).
• Conversely, its support levels can be identified at RM2.40 (S1) and RM2.20 (S2).

Source: Kenanga Research - 19 Feb 2020