SWKPLNT (Not Rated)

• SWKPLNT rose 4.0sen (+2.29%) to close at RM1.79 yesterday.
• Chart-wise, the stock has been on an uptrend since late-July last year.
• Yesterday’s bullish candlestick continued to trend higher above the 100-Day SMA while backed by an uptick in key technical indicators. Coupled with a bullish MACD, we expect the upward momentum to persist.
• Should the uptrend continue, key resistance levels are seen at RM1.90 (R1) and RM2.10 (R2).
• Conversely, key support levels can be seen at RM1.60 (S1) and RM1.50 (S2).

RCECAP (Not Rated)

• RCECAP gapped up by 8.0 sen (+4.73%) to close at RM1.77 yesterday.
• Chart-wise, the stock has been consolidating since November last year.
• Yesterday bullish candlestick continued to close above all key SMAs. Given the uptick in key technical indicators and aboveaverage trading volume, we thus believe the share could trend higher.
• From here on, resistance can be identified at RM1.85 (R1) and RM1.90 (R2).
• Conversely, its support levels can be identified at RM1.65 (S1) and RM1.50 (S2).

Source: Kenanga Research - 20 Feb 2020