JOHOTIN (Not Rated)

• JOHOTIN rose 5.0sen (+2.79%) to close at RM1.84 yesterday.
• Chart-wise, the stock has been trending upwards since late-September last year.
• Yesterday’s bullish candlestick continued to trend higher above all key-SMAs while backed by above-average trading volume. Coupled with a bullish MACD we expect the bullish momentum to persist.
• Should the stock continue heading north, key resistance levels are seen at RM2.10 (R1) and RM2.25 (R2).
• Conversely, key support levels can be seen at RM1.60 (S1) and RM1.45 (S2).

YINSON (Not Rated)

• YINSON closed higher by 24.0 sen (+3.43%) to close at RM7.24 yesterday.
• Chart-wise, the stock has been on an uptrend since this year February.
• Yesterday bullish candlestick closed higher with the formation of a bullish pin bar. Coupled an uptick in key technical indicators, we expect the stock to trend higher.
• From here on, resistance can be identified at RM7.50 (R1) and RM7.65 (R2).
• Conversely, its support levels can be identified at RM7.10 (S1) and RM6.85 (S2).

Source: Kenanga Research - 21 Feb 2020