OMESTI (Not Rated)

• Yesterday, OMESTI rose 7.0 sen (+11.48) to close at RM0.680, on stronger-than-average trading volume.
• Chart-wise, the stock began rallying since early-Feb this year, which brought the stock to trend above all of its key SMAs.
• Coupled with a bullish MACD crossover, we believe that there may be more upside.
• Should the bullish momentum persists, expect the stock to test key resistance levels at RM0.780 (R1) and RM0.820 (R2).
• Conversely, key support levels can be seen at RM0.565 (S1) and RM0.520 (S2).

KAB (Not Rated)

• KAB gained 4.5sen (+5.23%) to end at RM0.905 yesterday.
• Chart-wise, the stock has formed a shooting star reversal candlestick pattern yesterday, signaling strong selling forces before market close.
• However, confirmation on next day such as formation of a bearish candlestick is required to confirm an uptrend reversal.
• From here on, its key resistance levels can be found at RM 1.00 (R1) and RM1.10 (R2).
• Conversely, downside supports can be identified at RM0.860 (S1) and RM0.790 (S2).

Source: Kenanga Research - 26 Feb 2020