KKB (Not Rated)

• KKB gained 10.0sen (+4.83%) to close at RM2.17 yesterday.
• Chart-wise, the stock has been on an uptrend since early January this year.
• Yesterday bullish candlestick closed higher with the formation of a “Marubozu” candlestick, indicating strong buying momentum. Coupled with an uptick in key technical indicator, we expect the stock to trend higher.
• From here on, key resistance levels are seen at RM2.35 (R1) and RM2.50 (R2).
• Conversely, key support levels can be seen at RM1.95 (S1) and RM1.70 (S2).

PERDANA (Not Rated)

• PERDANA dropped 2.0 sen (-4.60%) to close at RM0.420 yesterday.
• Chart-wise, the stock has been undergoing a series of sell down in the past week.
• This had pushed the stock to close below its 20 and 50-day SMAs. Coupled with a bearish MACD crossover, we believe the stock may continue to experience weakness ahead.
• From here on, downside supports can be identified at RM0.385 (S1) and RM0.355 (S2).
• Conversely, its key resistance levels can be found at RM 0.455 (R1) and RM0.495 (R2).

Source: Kenanga Research - 27 Feb 2020