TOPGLOV (Not Rated)

• TOPGLOV gained 15.0sen (+2.84) to close at RM5.44 yesterday.
• Chart-wise, the stock has been on a downtrend since late January.
• Yesterday, the bullish candlestick found support at its 50-Day SMA backed by above average trading volume. Coupled with an uptick in key technical indicators we expect the share to trend higher.
• Should the uptrend continue, key resistance levels are seen at RM5.70 (R1) and RM6.00 (R2).
• Conversely, key support levels can be seen at RM4.90 (S1) and RM4.40 (S2).

DUFU (Not Rated)

• DUFU dropped by 8.0 sen (-1.65%) to close at RM4.78 yesterday.
• Chart-wise, the stock has been on an uptrend since June last year.
• Yesterday, the bullish candlestick continued to close above all key SMAs, indicating strong buying momentum. Coupled with a bullish MACD Crossover, we thus expect the share to trend higher.
• From here on, resistance can be identified at RM5.40 (R1) and RM5.70 (R2).
• Conversely, its support levels can be identified at RM4.35 (S1) and RM3.70 (S2).

Source: Kenanga Research - 25 Feb 2020