FPGROUP (Not Rated)

• FPGROUP dropped 5.0 sen (-5.70%) to close at RM0.825 yesterday.
• Chart-wise, the stock has been undergoing a series of sell down in the past weeks, which has 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 RM0.695 (S1) and RM0.580 (S2).
• Conversely, its key resistance levels can be found at RM 0.925 (R1) and RM1.00 (R2).

FOCUS (Not Rated)

• FOCUS gained 2.0 sen (+2.63%) to close at RM0.780 yesterday.
• Chart-wise, the stock continued to trade within the rising channel and well above all the key SMAs.
• Coupled with a bullish signal from MACD indicator, we believe the stock may continue to trend higher.
• From here on, key resistance levels can be found at RM 0.860 (R1) and RM0.910 (R2)
• Conversely, its downside supports can be identified at RM0.720 (S1) and RM0.630 (S2).

Source: Kenanga Research - 28 Feb 2020